So you finally found the time to go online and look up some instant critical illness quotes. You see plenty of plan options and prices, but what do you do next? How do you know which plan to select? Purchasing a critical illness plan can end up being one of the best things you do for yourself or your family. Let’s look at some differences between the plans themselves and how some carriers offer different features.
This is probably going to be the most important carrier differentiator. Unfortunately, not all carriers are uniform in terms of what illnesses are covered. In fact, there can be a pretty significant difference between critical illness carriers. A few carriers will only cover six critical illnesses compared with other carriers that will cover up to 11 critical illnesses. For example, some critical illness insurance plans will cover cancer and others will not. Price is important, but you want to make sure that the critical illness plan you purchase provides value for you and covers a wider range of illnesses.
When you look at different critical illness insurance quotes you will notice that you can input a range of benefit amounts starting with $10,000. Since the critical illness insurance benefit is a one-time payment, you will want to make sure that you select the right amount. Most critical illness insurance carriers will offer a range of amounts for the critical illness benefit. Each carrier will offer its own benefit range so make sure that you select a carrier that will give you the benefit amount that will fit your individual needs.
Wouldn’t it be nice to get paid to do what you’re supposed to do anyway, like going to see your physician for your annual physical? Some critical illness plans offer a wellness benefit which pays you a cash sum just for going to see your doctor for your annual physical. Some carriers offer a wellness benefit for other health screenings (Mammograms, colonoscopies, etc.). You want to make sure that you are factoring in this tax free benefit into the costs of your critical illness plan.
Life insurance attached to a critical illness plan is not very common among critical illness carriers, but there are a few plans that offer life insurance. Often, life insurance can be added to a critical illness plan as a rider. The life insurance benefit amount may be limited, so be careful when you are comparing plans.
At the end of the day, the insurance company is making a promise with you. They are promising to pay you a benefit at a time when you and your family are going to need it most. Make sure that the insurance company you are evaluating has the financial strength to keep their promises. There are different financial rating agencies out there with different rating systems. A safe and easy guideline is to look for companies that have at least “B” ratings. “A” ratings are the highest ratings an insurance company can receive.
Good luck comparing instant critical illness quotes and be sure to keep these policy features in mind when selecting a plan.Click for
INSTANT CRITICAL ILLNESS INSURANCE QUOTES