For the sake of this description, let\u2019s say the face amount you\u2019ve purchased is $100,000.\u00a0 The common triggers and payout levels are the following:<\/p>\n
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- \nCancer (Life Threatening) 100% of total benefit<\/div>\n<\/li>\n
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Heart Attack 100%<\/div>\n<\/li>\n- \n
Stroke 100%<\/div>\n<\/li>\n- \n
Renal Failure 100%<\/div>\n<\/li>\n- \n
Major Organ Transplant 100%<\/div>\n<\/li>\n- \n
Terminal Illness 100%<\/div>\n<\/li>\n- \n
Total Disability (accident or illness) 100%<\/div>\n<\/li>\n- \n
Major Heart Surgery 25%<\/div>\n<\/li>\n- \n
Angioplasty 10%<\/div>\n<\/li>\n<\/ul>\n<\/ul>\nSo, as you can see, these are the common illnesses which will trigger a payout from your\u00a0insurance company\u00a0to you.\u00a0 Some plans are slightly different from each other.\u00a0 But, these are definitely found in most policies.\u00a0 Some policies even payout 3 times in a lifetime for separate events.\u00a0 So, God forbid you have a heart attack, cancer and need an organ transplant during your lifetime, your Florida life insurance, critical illness policy would have paid you $300K, or $100K for each illness.<\/p>\n
Get Paid While Recovering With A Critical Illness Policy<\/h2>\n
The whole goal of these policies is to make sure you have money during your difficult time.\u00a0 For one, you won\u2019t be working while you are recovering, so this payout helps pay for bills and other expenses.\u00a0 You can spend the money on anything you want actually.\u00a0 It doesn\u2019t have to be spent in any particular manner.<\/p>\n
Now you know about critical illness insurance policies.\u00a0 How do they work with Florida health insurance?\u00a0 Well, what we can do is lower your health insurance premium by raising your medical deductible high enough to more than cover the premium for the critical illness policy.\u00a0 For example, let\u2019s say you have a $1K deductible health plan and raise it to $5K.\u00a0 You also take out a $100K critical illness Florida life insurance<\/a> policy.\u00a0 Not only will you have plenty of money to cover the higher deductible, but you will have funds to spend during and after treatment.\u00a0 You can also couple this with an accident plan which will be discussed during another topic.\u00a0 If you do it right, you\u2019ll be paying less premium as you are currently paying\u00a0 for your $1K deductible health plan, and be far more protected.<\/p>\n
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![\"\"](\"http:\/\/www.rtcinsuranceadvisors.com\/picts\/ci.jpg\" "\\"Critical")
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