Re: Critical Illness -- Insurance Forum

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Date Posted: Thu, March 11 2004, 7:08:53
Author: Magooguli
Subject: Re: Critical Illness
In reply to: Brad 's message, "Re: Critical Illness" on Fri, March 05 2004, 20:19:30

A number of the new Critical Illness policies include loss of independance riders where the definition is the same as LTC. The only difference being you can do what you want with the money and you recieve it as a lump sum.

Good Luck!

>Expand on the point about a "good CI policy elimnates
>the need for LTC..."
>
>Seems interesting...maybe a new way to look at things
>for me...
>
>
>
>>Critical Illness is an incredibly powerful concept and
>>as a product there are both good and bad
>>manifestations of it.
>>
>>It is easy to sell because most people see the need.
>>It is hard to sell because of the cost.
>>
>>Personally I think it is one of the few insurance
>>products out there that is a must have. Also a good
>>CI policy eliminates the need for LTC which I view as
>>being of little to no value (unless you have no other
>>option).
>>
>>It is NOT a substitute for disability insurance but
>>rather something that should be sold in conjunction
>>with it.

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