Why the increase in group voluntary critical illness bodes well for individual CI sales

Posted by Tom Riekse Jr on Apr 28, 2015 10:00:00 AM

As you can see by this LIMRA chart above voluntary sales of insurance products have really increased in 2014, and one of the fastest growing types of coverage is critical illness. Employees like buying insurance coverage like CI through their employer for various reasons - including ease of enrollment, guaranteed issue underwriting and payroll deduction.

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Topics: Critical Illness

Critical illness use for executives

Posted by Patrick Bradley on Feb 20, 2015 10:00:00 AM

While talking with my sister the other day, she reminded me that it was the one year anniversary of her husband's heart attack. My brother-in-law, a few years younger than I, had suffered a major heart attack that kept him out of work for a few months. Physically he recovered pretty quickly, but mentally it was hard on him. Ultimately he went back to work before he was really ready. This reminder also got me thinking about my friend and a neighbor with cancer, both in their early 50's. How did their illness affect their employment?  I know that individual critical illness insurance makes a lot of sense, because everyone knows someone who has cancer or has suffered a heart attack or stroke.

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Topics: Critical Illness

The surprising LTC benefits that many critical illness plans offer

Posted by Scott Williams on Jan 20, 2015 4:30:00 PM

Image source: Flickr user criticalillnessinsurance
   

Many critical illness (CI) plans offer long-term care benefits - so why buy LTC insurance?  Can critical illness replace LTC plans?

The short answer is no. Long-term care insurance is still a must have. However, critical illness insurance can help supplement LTC coverage and keep premiums down. Unfortunately, most brokers and consumers know very little about critical illness insurance, how it works and what it covers. Read More

Topics: Critical Illness

Why I bought $101,000 of Critical Illness coverage on myself

Posted by Tom Riekse Jr on Dec 16, 2014 4:36:09 PM

 

For those advisors who have sold LTC Insurance, they know the most likely purchasers are middle age females who have had personal experience with caregiving.  The least likely people to buy LTC and single men who have no concept of caregiving  and vow they will never be in a position where they will be dependent.

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Topics: Critical Illness