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Article: Critical-Illness Insurance: Banking on a Lump Sum to Bridge a Crisis
- Article from:
- International Herald Tribune
- Article date:
- August 23, 1997
- Author:
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Ann Brocklehurst
International Herald Tribune
08-23-1997
Those who been the victims of serious illness know that it can damage not only their physical well-being but their financial health as well. If treatment and recovery takes an extended period of time, it is not only necessary to replace lost income to avoid digging into savings but also to find funds to pay for the many non-medical expenses often incurred due to illness.
To help protect themselves from the consequences of serious unexpected illnesses, many people without employee benefits are turning to so-called critical illness insurance. Although its name makes it sound like a health policy, critical-illness insurance is not ...