Critical Illness Insurance - What The Experts Own:

News from 2014

Barry Choi | Personal Finance & Budget Travel Expert at Money We Have

Barry Choi Budget Travel and Personal Finance Expert at Money We Have 1.What type of Critical Illness insurance do you own? I actually depend on my employer short and long term disability insurance plans. Both plans are quite generous and would cover me in the event I had a critical illness. 2.What factors did you consider when determining the coverage amount? Since it's my employer plan, I really have no say; I'm automatically enrolled as a full-time employee. That ...
Continue reading

William Shung | Senior Insurance Advisor

William Shung Senior Insurance Advisor | LSM Insurance 1.What type of Critical Illness insurance do you own? I own a permanent level premium critical illness insurance policy. 2.What factors did you consider when determining the coverage amount? The purpose of critical illness insurance is to provide for unforeseen expenses. Most importantly, the insured amount should be sufficient to finance any treatment required if diagnosed with a critical illness. When deciding on the ...
Continue reading

Chad Larmond | Principal at LRM Insurance

Chad Larmond Principal,LRM Insurance 1. What type of Critical Illness insurance do you own? The type of critical illness insurance that I own is a level premium to age 65. It has a 100% return of premium at age 65 if no claims are made. 2. What factors did you consider when determining the coverage amount? A good range to consider is one or two years worth of your gross or net income. I purchased my plan early in my career so I secured an amount that I am able to grow ...
Continue reading