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Critical illness insurance a critical option for employees

Critical illness insurance is all about peace of mind. Its about preparing for the worst that can happen and having something to back you up. Although its seen a surge in popularity in other countries over recent years, not all brokers are jumping aboard the critical illness bandwagon quite...

By Kathryn Mayer | Updated on June 01, 2011

Critical illness insurance is all about peace of mind. It’s about preparing for the worst that can happen — and having something to back you up. Although it’s seen a surge in popularity in other countries over recent years, not all brokers are jumping aboard the critical illness bandwagon quite yet — and that’s a mistake, experts say.

“It’s the hottest growth industry in the insurance field worldwide, but unfortunately there have been no American insurance companies that have placed marketing dollars in their budget for this product so it is still relatively unknown,” says Wilma Anderson, a financial consultant specializing in critical illness. “Critical Illness insurance is one of the best opportunities for agents to learn how to sell.” Randy Finn, assistant vice president of product development at Colonial Life, agrees.

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