The Emotional Side Of A Critical Illness

You may find it difficult to imagine being diagnosed with cancer or learning that a spouse has suffered a heart attack or stroke. These painful scenarios may be difficult to contemplate, but they are the sort of life-altering situations any one of us may face one day. In addition to dealing with the emotional issues associated with trying to cope, grieve and continue functioning, many people find themselves in need of good practical information or advice such as:
• Where can I find more information about my illness?
• What type of diet changes are recommended and how can these be implemented into my daily routine?
• Where can I find quality care for my children or parents while I deal with my illness?
• Should I get professional counseling for myself and my family?
The added value of emotional support
If you have critical illness insurance, answers to those and other questions may be close at hand.
Some critical illness insurance carriers provide access to professional counseling and support services (some conditions may apply). These professional counselors help policyholders and their families resolve the personal problems that can interfere with their lives and work during a critical illness. It’s a service usually provided at no charge – and it can be of great assistance.
Don’t forget the potential financial costs
A good critical illness insurance policy can also help to minimize the financial impact of a critical illness or condition. This type of protection could help preserve your savings or retirement savings while seeing you through a critical time in your life.
Many plans provide you with a one-time lump sum payment if you’re diagnosed with a critical illness or condition such as a heart attack, stroke or life threatening cancer. There are many features and options to choose from to tailor a critical illness insurance policy to your needs (level or decreasing benefit, automatic increasing benefit, flexible return of premium etc.).
Some policies even offer an option that returns up to 100 per cent of your premiums under certain conditions. In these cases, the only real cost to you is the potential investment growth of your premium had you invested the money. You should weigh that against the ability to access a lump-sum amount at any time during your benefit period should you become critically ill.
Your benefit advisor can assist you in determining whether critical illness insurance should be part of your financial security plan.