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By PRWEB
Integrity Insurance Agency today announced the availability of Critical
Illness Insurance to Rhode Island residents and business groups through its
Wakefield, RI office. Critical Illness Insurance, known as CI, is a living
benefit healthcare solution designed to provide financial options in the
event of a diagnosis of a critical illness, such a life-threatening cancer,
heart attack, or stroke. CI protects an individual’s assets by providing a
lump-sum payment directly to the insured at what is often a financially
demanding time. The money can be used for any purpose with absolutely no
restriction.
WAKEFIELD, RI (PRWEB) October 4, 2004 -- Integrity Insurance Agency today
announced the availability of Critical Illness Insurance to Rhode Island
residents and businesses through its Wakefield, RI office.
Critical Illness Insurance, known as CI, is a living benefit insurance
designed to provide financial options in the event of a diagnosis of a
critical illness, such a life-threatening cancer, heart attack, or stroke. CI
protects an individual’s assets by providing a lump-sum payment directly to
the insured at what is often a financially demanding time. The money can be
used for any purpose with absolutely no restriction. Integrity Insurance
Agency offers CI to individuals, and also to groups as a voluntary worksite
benefit or employee group benefit to fill the gap between health insurance
and actual treatment and recuperation expenses.
Critical Illness Insurance was developed by Dr. Marius Barnard, the cardiac
surgeon who assisted his brother, Dr. Christian Barnard in the first human
heart transplant. Dr. Barnard sought to protect the financial, and therefore,
the emotional health of the many patients whose lives he and his colleagues
help prolong. In addition to covering conditions such as life-threatening
cancer, heart attack, and stroke, CI policies also cover major organ
transplant, kidney failure, severe burns, and other catastrophic diagnoses.
Critical Illness Insurance is available worldwide.
“In the past, many critical illnesses were terminal”, said Miriam Ladin,
President, of Integrity Insurance Agency. “Today, thanks to advances in
medical technology, survival is a reality. Unfortunately, few people are
adequately prepared for the financial demands that accompany surviving a
critical illness. Recuperation typically lasts three to thirteen months,
during which time a person is unable to work, usually without income, or at a
decreased temporary income. Few health insurance plans cover all the real
expenses of recuperation.” The American Cancer Society reports that two-
thirds of the costs associated with cancer are not covered by medical
insurance.
It is also important to note, the most common reason given in the United
States for both home foreclosures and personal bankruptcy is illness.
The purpose of Critical Illness Insurance is to help prevent financial
catastrophe in the event of a life-threatening illness. “That’s why I’m so
excited about CI,” continued Ladin. “It is an idea whose time has come. Most
of us know a family who could have used such a lump-sum payment when a member
was diagnosed with a critical illness. I am grateful to offer such a consumer-
empowering product, designed to provide peace of mind when people may need it
most. CI puts the consumer in control.”
CI is designed to be a key component of a family’s total asset protection plan.
A variety of product and rider options are available to suit a broad range
of needs. For example, one popular plan combines the value of term life
insurance with a critical illness rider. This hybrid product pays the face
amount should either of two events occur: 1) the first diagnosis of a covered
critical illness, which pays the insured directly, or 2) death, which pays
the insured’s beneficiary. Other customers prefer a pure living benefit
Critical Illness Insurance product, which provides a payout for covered
critical illnesses only.
CI policies range from $20,000 to $250,000, depending on the needs of the
individual. Integrity Insurance Agency works with leading insurance carriers
with financial strength ratings of A+ or higher from A.M. Best, the
independent rating organization. For more information on individual or group
Critical Illness Insurance, contact: Miriam Ladin or Daniel Pisetsky,
Managing Director, Integrity Insurance Agency, 401-782-0033, www.
integrityinsuranceagency.com (http://www.integrityinsuranceagency.com)
About Integrity Insurance Agency LLC
Integrity Insurance Agency is an independent marketing organization (IMO)
committed to Critical Illness Insurance. The company markets to and services
the CI needs of individuals and organizations. The company recruits, trains,
and supports CI brokers to increase productivity. The company’s principals
are Miriam S. Ladin, a specialist in launching and growing marketing and
administrative systems; Daniel R. Pisetsky, Ph.D., one of the nation’s
leading experts in the development, design, and sales of Critical Illness
Insurance. In 2002, he founded the National Association for Critical Illness
Insurance, based in Washington, D.C. (www.nacii.org (http://www.nacii.org)).
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