According to a study, 70% of deaths in the United States is caused by Cancer, Stroke, and Heart Attack.
Given our current food choices, stressful environment and unhealthy lifestyle, having critical illness is just a matter of time.
But the main question is: Can you afford to be sick?
Having cancer nowadays are as common as having a flu.
The problem with having cancer is not only the physical pain but the financial, emotional, and psychological pain that it inflicts to our loved ones.
Below are the Top 3 reasons why you should get covered from Cancer or any critical illness:
Reason No. 1: It’s Because You Survived!
If you are single and have no dependents, the normal reaction to insurance is “I don’t need it“.
I agree that you don’t need life insurance in the sense that there are no beneficiaries to be protected upon premature death.
But critical illness insurance is not about having someone else be protected from a loss of income. It is because you survived and you would be needing money to get well.
Sometimes people with critical illness would wish to die rather than get treatment so they will no longer suffer physically and financially.
What’s worse than suffering physically is suffering emotionally and psychologically knowing that in order to survive you need to sell everything you worked hard for; and worst, go into debt.
Upon getting money through debt, the problem doesn’t stop there.
You now start worrying how the debt will get paid: 1) if I survive, how will I pay the debt? 2) If I die, how will my family pay the debt?
There is a big difference in undergoing chemotherapy session with P1 Million in critical illness fund than with only P10,000 in your bank account.
You want to fight cancer and win over it with dignity knowing that you have all the funds to get the best treatment possible!
Reason No. 2: You Don’t Want to Hurt the People You Love Most.
Deadpool said, “The worst part about cancer isn’t what it does to you, but what it does to everyone else in your life.”
Have you experienced begging for money in order to survive? Or falling in line in politician’s office, PCSO, etc. for a meager amount of cash?
Don’t let your loved ones experience such.
Don’t let them let stop their lives for you.
Just imagine, making them leave their job to take care of you, process your “begging” application forms, and be in a situation of despair thinking of ways for you to survive.
Don’t leave them drowning in debt and endure the pain of paying it for years even if you are already gone.
Reason No. 3: Critical Illness Insurance is the Greatest Money Multiplier.
When a person is bedridden or is suffering a critical illness:
- A gift of P2,000 could be from FRIENDS
- A gift of P20,000 could be from RELATIVES
- A gift of P200,000 could be from PARENTS or SIBLINGS
- A gift of P2,000,000 or MORE could be from INSURANCE
Insurance is the greatest financial instrument when it comes to multiplying money. It can turn P2,000 monthly premium into a P2,000,000 sum assured.
It humanizes the financial market.
What is awesome about insurance products today compared 20 years ago is that insurances today has a savings and investment component.
Insurance is basically saving money.
If you die too young or is stricken with critical illness it is called INSURANCE.
If you live too long, it’s called SAVINGS & RETIREMENT FUND.
To end, always keep in mind You NEED Critical Illness Insurance not because you will die, but because you will survive!
Your Millennial Wealth Planner,
Harold Q. Gardon, CWP, CEPP
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