Critical Illness Insurance Coverage For Loss Of Income Special Report Launched

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( — July 28, 2020) — A special report into the advantages of critical illness insurance cover has been launched showing the shortfalls of health insurance policies in relation to treatment costs for common illnesses.

A special report has been launched to assess the advantages of critical illness insurance coverage as unexpected expenses can deplete a family’s life savings fast. Gilbert Aguirre Insurance provides people with quick quotes for a variety of insurances from life, illness, disability, accident, senior, dental, and vision.

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The newly launched special report says critical illnesses such as cancer, heart attack, stroke, or Alzheimer’s disease can happen suddenly and result in significant long-term implications for individuals and their family.

Critical illness treatment varies depending on the nature of the illness. To give an example of costs, the report says the average cost of cancer drugs is between $24,000 to $36,000 for a year. Patients recovering from a stroke can expect to pay an average of $15,000 for 90 days of treatment.

Additionally, the average out-of-pocket costs for health care and long-term care services for people aged 65 and over with Alzheimer’s disease is estimated to be around $10,000 per year. While a primary health care policy will cover many health-related expenses, the number of other costs to consider can quickly build.

For instance, insurance shortfalls include deductibles, co-payments, and benefit limitations. Living expenses can quickly mount whether that is the cost of house payments (rent or mortgage payments), utility bills, or groceries. If the main provider or both providers are unable to work and earn an income, that can impact the family finances.

The report asks people to consider their personal situation and whether they have sufficient emergency funds to cover their costs during an unexpected crisis. People are encouraged to think about how they would access emergency funding and whether they would be able to borrow money, take out a loan, or quickly access their savings.

A company spokesperson said: “Critical illness insurance, such as those from a number of great carriers, works with your major medical insurance to help protect you and your family. It provides benefit payments directly to you, so you and your family can focus on your recovery, not your finances.”

To read the report in full, interested parties are invited to visit the website provided. Alternatively, get a no obligation quote at