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Five ways critical Illness Insurance can help you recover

You’re sitting in your doctor’s office. She types in her password to unlock her computer and you hold your breath. You’re about to get test results that will indicate whether or not you have a critical illness.

It’s a moment most of us don’t even want to imagine — but it happens every day. Sometimes, it’s good news. Sometimes, it’s not. If it’s not, the last thing you want to worry about is the financial fallout from a life-changing diagnosis.

That’s what critical illness insurance is there for: to take away the financial stress of moments like that so you can focus all your energy and attention on getting better.

Here are just some of the ways you can use a critical illness insurance benefit if you’re diagnosed with a covered condition. The benefit comes with no strings attached, so you can use it for whatever you need.

1. Don’t rush back to work

This is a big one. Your benefit can replace your income so you can take time to heal and process what happened. If you have a partner, they’ll be reeling as well. If you choose, you can both stay home and focus all your energies on getting you healthy again.

2. Wave a wand at your debt

Debt is expensive and it can also be a major source of stress — something you don’t need while you’re recovering. You can use your benefit to pay down credit card balances, car loans, lines of credit or even part of your mortgage. With less interest to pay, you’ll have more money for other costs.

3. Get help with kids and your home

If you have children, you may need extra childcare while you’re at medical appointments, recovering from surgery, or just requiring some quiet time to think. Arranging for extra services around the house, like house cleaning and lawn care, can shrink your to-do list so you can concentrate on getting better.

4. Pay for uncovered health costs

Whether it’s medication, private nursing, or travel to a medical facility that specializes in your condition, you don’t have to fret about the cost with a pool of money available from your benefit. You can think of critical illness insurance as a top-up to your workplace health and dental plan.

5. Make your home accessible

Whether you need something simple like grab bars in the shower or more complex renovations such as a walk-in bathtub, wheelchair lift, or wider doorways, your benefit can help you adapt your home to new needs. It may also allow you to get better assistive devices than you could otherwise afford.

There’s no way to be completely prepared for any medical diagnosis, but having a flexible critical illness insurance benefit can be a huge relief at a difficult time. Talk to us about how critical illness insurance may fit into your financial plan.

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Prospera Insurance Agencies Ltd. provides life, disability, and critical illness insurance, annuities, and full business solutions such as group benefit plans, succession planning, and business owner insurance.

Your insurance contract will provide details of the coverage available under the plan you choose. Restrictions may apply.