World-famous heart surgeon, Dr. Marius Barnard, created critical illness insurance after he saw the financial stress cancer, heart attacks and strokes caused his patients. Ever since Barnard offered his patients a way to reduce their financial stress, the rest was history.

No matter how you’d use the money, critical illness insurance always does one thing: It reduces financial stress.

Cancer insurance provides money directly into your pocket. That's great. But what happens after you receive that money? A large challenge for cancer or critical illness insurance patients is understanding the many ways you can use the benefit—the money paid out—if you ever need it.

How can you use the money provided? Here are a few ways individuals and families can use the money:

To pay for deductibles, hospital visits, treatments and other out-of-pocket expenses related to health care. This is the most obvious use since these expenses continue to increase.
Income protection, especially for the self-employed. If a self-employed person has an income-protection plan, he/she would take treatment on one day of the week and use the weekend to recover. That individual would be back to work on Monday and not miss enough days to be laid off. This goes to show cancer and any terminal illness can affect your income, when it shouldn't.
Expenses not covered by health insurance like travel, hotels, babysitting, etc. Life happens, and sometimes it is not convenient for you. Traveling to different hospitals, hiring a babysitter to watch your children or house and paying for hotels is another expense that is often forgotten when one thinks about the effect of illnesses like cancer.
Typically, insurance that covers from two to five years of mortgage payments will help significantly through the transition.

“Would it reduce your financial stress if you are diagnosed with cancer to know your mortgage will be paid for two years?”

5. Retrofit a home, car, or other large expense. After hearing the news of getting cancer, it is common for families to stress and take out a second mortgage to finish paying off their home or to make large changes to their house due to cancer treatment (wheelchair ramp, wider hallways, etc). The money from cancer insurance can be used so you don't have to take out a second mortgage or dip into your retirement fund.

No matter how you’d use the money, cancer insurance always does one thing:

It reduces financial stress.

There are three types of stress that occur when a family member gets the news of cancer.

Physical stress
Emotional stress
Financial stress

Unfortunately, ll of these build off eachother. Don't become a victim of these stresses. Take control of your life because it is the only one you were given. Emotional stress increases directly with financial stress. A cancer insurance plan reduces the financial stress, which then reduces emotional stress, which then affects an individual physically.

Thoughts become things.

Fill your mind and body with positivity and your whole outlook on the situation - no matter how bad you think it is - will change for the better.

If you’d like to learn more about what this important coverage can do for you and your family, send me a message. I would love to help you!

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