CRITICAL ILLNESSBRIDGE THE GAP

WE'RE LIVINGLONGER ANDCOMBATINGSERIOUSCONDITIONS

Life-changing illness ismore common than everA "critical illness" is not something you

may pass away from. With medical

advancements, we are able to endure and

survive serious complications like heart

attacks, stroke and cancer.

Y O U S U R V I V E D T H E W O R S T ,W H A T N O W ?

Your health insurance protects you from the sky-high

prices of treatment, drugs, and hospital stays. But what

covers your out-of-pocket expenses, your spouse's

time off work to care for you, or your own time off of

work and travel to care for your sick child?

THAT'S GOOD,ISN'T IT?

MEDICAL BANKRUPTCY IS THELEADING TYPE OF BANKRUPTCY

BRIDGETHE GAPThe lump-sum payment from critical

illness insurance can pay for the

unexpected expenses not covered by

health or disability insurance.

Americans will declare bankruptcy for

medical reasons every year. This has been

increasing steadily over the past 6 years.

900,000www.lifehappens.org

WHATCOUNTS?The Big Three:

Cancer, Heart Attack, and Stroke

Kidney failure

Paralysis

Heart valve replacement

Blindness

Multiple sclerosis

Organ transplants

1.4 MILLIONAmericans arediagnosed with

cancer.

Americans willexperience their first

stroke.

785,000600,000E V E R Y Y E A R

Americans suffer anew coronary

attack.

www.lifehappens.org

IF I ALREADY HAVE DISABILITYINSURANCE SHOULD I GET

CRITICAL ILLNESSINSURANCE AS WELL?

CRITICAL ILLNESS DISABILITYPAYS A LUMP-SUM WHEN

DIAGNOSED WITH A COVERED

ILLNESS EVEN IF YOU MAKE A

COMPLETE RECOVERY.

PAYS A REGULAR MONTHLY

AMOUNT (USUALLY A PERCENTAGE

OF YOUR REGULAR EARNINGS)

WHEN YOU CAN'T WORK DUE TO

ILLNESS OR INJURY.

QUALIFICATIONCRITICAL ILLNESS:

MUST HAVE A SPECIFIC

COVERED DIAGNOSIS

DISABILITY:

DEPENDS ON YOUR ABILITY TO

WORK (OR TO PERFORM YOUR

SPECIFIC JOB FUNCTION)

INCOMEPROTECTIONCritical Illness: provides a source of

income to pay high out-of-pocket

health costs and other expenses

when you have a critical illness

diagnosis.

INCOMEPROTECTION

Disability: helps protect your

income by providing a partial

replacement of your earnings for

a period of time while you cannot

work due to illness or injury.

TAXESCRITICAL ILLNESS:

LUMP-SUM PAYOUT IS

TAX-FREE

DISABILITY:

PAYOUT MAY BE

TAXABLE DEPENDING ON

PLAN DESIGN

Critical illness payouts are not

dependent on any other source

of income, and are not affected

by your ability/return to work.

PROOF OF LOSS

WHAT'S INYOUR POLICY?Covered diagnosed illnesses

Survival Period / Waiting Period

(time you wait after diagnosis to

receive payment)

ASK QUESTIONS BEFOREBUYING A POLICY -

AN AGENT CAN BE A VALUABLERESOURCE AND GUIDE.

38500 Woodward Avenue Suite 360

Bloomfield Hills, MI 48304

248.594.5550 | austinbenefits.com

Contact us for help or questionsabout Critical Illness for you or

your business.