From Br andon:
Twelve years ago, I finally opened the business of my dreams. After decades stuck inside an office, I was able to leave it all behind for a now thriving coffee house.
From day one, it was perfect. Sure there were some struggles here and there, but nothing that killed my spirit or deterred my motivation. The location was perfect and my business quickly became crowded with ‘regulars’ every day. A dream come true!
Unfortunately, only three years into my new business, my health wasn’t doing as well as my business. I had a stroke before leaving my home one morning. Thankfully my wife noticed me acting different prior to the onset of the stroke, so when it happened, emergency responders were already on the way and the aftermath wasn’t as bad as it could have been. However, I still had astronomical medical expenses for the incident itself, as well as financial burden for aftercare and further treatment.
Anyone else I know would have been extremely worried about this situation. Dealing with the medical issue is bad enough, but how do you cope with the financial stress and stay healthy at the same time?
You do it by having Critical Illness Insurance part of your policy plan.
Prior to opening my coffee house, I met with my insurance agent to discuss the exact coverage and policies I needed to protect my family and protect my business. He suggested I add Critical Illness along with Disability and Life Insurance. Had I ignored that suggestion, my situation would have been much worse. Because I took his advice and had Critical Illness Insurance, I received a cash payment that allowed me to cover all of the remaining medical expenses, lost wages, and keep the coffee house form sinking until I could get back to work. My wife and I carefully planned and budgeted and were able to make it through my extended medical treatment plan with only a small amount of out-of-pocket expense.
I still have the coffee house. I still have Critical Illness Insurance.
I wouldn’t choose to live without either of them.