Why?
1. Drugs are expensive.
In a basic hospital plan, chemotherapy or radiotherapy are usually covered. But not the drugs and injections that have to be taken regularly. These drugs and injections are expensive! Furthermore, many drugs even though they are effective, they are still in experimental stage or in clinical trial. Which means even if you have a comprehensive medical plan, it will not be covered. You will have to bear the cost yourself. The monthly medical cost for cancer patient is about $5,000 a month, just for the drugs and injections. These drugs can usually extend your life by at least 10 years, meaning you will need $600,000 over 10 years.
2. Survival rates of cancer patients are increasing but they may have to stop working.
You need money to sustain your living. You can keep paying the medical cost and your living cost provided that you can continue to work as usual. Of course I'm assuming here if your salary is enough to cover the drug cost and living cost. If your salary is not even enough, you are starting to eat your savings already.
Most of the time, if you are diagnosed with critical illness like cancer, you may have to stop working. Because you need to cut the stress and you need your body to recuperate. Of course you can use your savings to live, but how long will it last? Your mind and body is surviving, but what about your finances? Will your money survive if you are still going to live for a long time to come?
Here is an example of a cancer patient who still work but have to cut down the working hours and took a pay cut. Now he only work 3 days a week to cope with his cancer. You just can't abuse the body anymore by working endlessly if you are critically ill. You will have to change your lifestyle and this affect your finances!
Just for the 2 above reasons, you should understand that critical illness insurance is important. It is because critical illness insurance will pay a lump sum amount to you, if you are diagnosed with a critical illness such as cancer.
So if you have a $1 million critical illness coverage, we will give you $1 million cash if you are diagnosed with critical illness. Then you can use this money to pay all the drugs, injections even alternative treatments all over the world so you can get better. You also can use the money to cover your daily expenses without worrying about working to get the income.
With critical illness plan, you are in the best position to fight cancer!
Cheers! Have a great day.
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