Search
 

Critical Illness Insurance an Increasingly Important Voluntary Benefit

With tough economic times and ever-increasing health care costs, many Americans feel they just cant afford to get sick. The financial impact that a critical illness, such as a heart attack, cancer, or stroke, can have on a typical U.S. household can be devastating, with many lacking the resources...

By Sponsor: Metlife | Updated on March 05, 2012

With tough economic times and ever-increasing health care costs, many Americans feel they just can’t afford to get sick.  The financial impact that a critical illness, such as a heart attack, cancer, or stroke, can have on a typical U.S. household can be devastating, with many lacking the resources needed to cope with an unexpected medical expense as well as the associated loss of income.  MetLife’s white paper, Critical Times Require Critical Solutions, exposes the gaps in personal financial safety nets that a health situation may create despite having medical and disability income coverage and outlines steps employers can take to help employees obtain the right amount of protection. To download the white paper, visit www.metlife.com/criticalillness.

“The recession and the slow economic recovery have awakened and renewed people’s interest in the idea of financial protection,” said Jodi Anatole, vice president, Critical Illness Insurance at MetLife.  “But there is a lack of awareness on two fronts when it comes to the financial implications of a critical illness on a household budget.  One is that people do not understand what critical illness insurance is, and how it can provide a financial safety net to help cover the unexpected costs of a critical illness.  The other is that people do not realize that their medical and disability coverage may not address the full financial consequences of an illness – and are often surprised to find that there are uncovered expenses.”

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.