All about accident and sickness insurance
Advertisements for various types of insurance are everywhere ... and they can be confusing. So what exactly do you need to know about accident and sickness insurance and what can it do for you? As its name implies, accident and sickness insurance provides you with peace of mind, knowing that you are protected in the result of you having an accident or sickness.. It can help you pay for the things whilst you are unable to work.
Accident and Sickness insurance is similar to other lines of insurance - such as life or health insurance - but it is not meant to be your only means of protection. While major medical or life insurance policies can provide the bulk of benefits to your family after an illness or loss, accident and sickness insurance benefits can be used to pay for unexpected out-of-pocket expenses or help with things like utility bills, rent, and the general cost of living. Because the benefits are paid directly to you, you decide how they're spent.
With major medical insurance, specifically, your insurance company pays the medical provider directly for services provided to you. With accident and sickness insurance, the benefits go directly to you, to use at your discretion.
Combined Insurance specifically offers a number of insurance products designed to help meet your needs, including accident disability insurance, accident insurance, sickness disability insurance and sickness confinement insurance. Each is clearly written and easy to understand so you can make the right decisions about your coverage.
Sounds great, right? But is it affordable? Accident and Sickness insurance - especially considering the benefits are paid to you - is generally very affordable. In fact, some policies can be secured for under $5 a month, depending on your age, the type of policy chosen and the amount of coverage your eligible for. Consider lost wages if you're sick or have an accident and can't work. Accident and Sickness insurance can help you with those costs, and more, making a difficult situation a little easier to bear. The real question is - can you afford not to have it?
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His daughter was diagnosed with leukemia several years ago. His family was covered under Combined Insurance's cancer policy, but in the midst of helping their daughter through her battle with leukemia, he and his wife had forgotten that they carried cancer insurance coverage.