1 / 23

“surviving a critical illness”

“surviving a critical illness”. Times have changed…. Early detection Prevention Medical Advances Have increased the odds of surviving a critical illness . The facts . 1 in 2 will be diagnosed with cancer during their lifetime 1 Every 40 seconds someone in the U.S. has a stroke. 2

rollo
Download Presentation

“surviving a critical illness”

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. “survivinga critical illness”

  2. Times have changed… Early detection Prevention Medical Advances Have increased the odds of surviving a critical illness

  3. The facts 1 in 2 will be diagnosed with cancer during their lifetime1 Every 40 seconds someone in the U.S. has a stroke.2 In 2010, 785,000 Americans had a new coronary attack (470,000 hada recurrent attack)3 1United States Cancer Statistics (USCS). Centers for Disease Control and Prevention site, 2011 Cancer of All Sites - SEER Stat Fact Sheet. 2011 2Stroke Facts. Centers for Disease Control and Prevention 2011. 3Roger V, Go, A, Lloyd-Jones, D, et al. Heart disease and stroke statistics—2011 update. American Heart Association Statistics Committee and Stroke Statistics Subcommittee.

  4. The facts A working person has a five times greater chance of developing a critical illness than dying before retirement.1 1 in 2 will be diagnosed with cancer during their lifetime1 Every 40 seconds someone in the U.S. has a stroke.2 In 2010, 785,000 Americans had a new coronary attack (470,000 hada recurrent attack)3 1United States Cancer Statistics (USCS). Centers for Disease Control and Prevention site, 2011 Cancer of All Sites - SEER Stat Fact Sheet. 2011 2Stroke Facts. Centers for Disease Control and Prevention 2011. 3Roger V, Go, A, Lloyd-Jones, D, et al. Heart disease and stroke statistics—2011 update. American Heart Association Statistics Committee and Stroke Statistics Subcommittee.

  5. The Risk increases as we age American Association of Critical Illness website, Resource Area, October, 2012

  6. The good newsSurvival odds today • 86% of heart attack patients survive • 90+% for first attacks1 • 80% of stroke patients survive the initialevent -35% completely or with minor impairments.1 • 60% to 90% for kidney failure2 • 50-90% for major organ transplants3 1 “Why do I need critical illness insurance?”.essentialbenefits.ca. Essential Benefits. Feb. 2011 2“Acute Kidney Failure” Merck Manuals Online Medical Library. 16 Feb. 2011 3“Organ Transplantation”. FAQs.org. Health. Web 16 Feb. 2011.

  7. Survival brings expenses Especially if it leads to a recuperating stay in an Assisted Living FacilityorNursing Home! Survival brings additional expenses along with the emotional stress… • Co-payments, deductibles and excess medical costs • Transportation, lodging, lost wages and work interruptions add to the out-of-pocket costs 1United States Cancer Statistics (USCS). Centers for Disease Control and Prevention site, 2011 Cancer of All Sites - SEER Stat Fact Sheet. 2011

  8. Excess medical expenses MAY cause problems for some Would it affect your nest egg? • In 2007, over 50% of bankruptcies were caused by excess medical expenses1 • 79% of the people had health insurance!1 • In 2008, 50% of foreclosures were due to debt from medical causes2 1 Himmelstein, David U. et. al. “Medical Bankruptcy in the United States, 2007: Results of a National Study Clinical Research Study”. Harvard U. n.d. Web.16 Mar. 2011. 2 Robertson, Egelhof & Hoke. “Get Sick, Get Out: The Medical Causes of Home Mortgage Foreclosures”. August 2008. Web. Oct. 2011.

  9. And then there’s Alzheimer's Living too long may affect your nest egg • 1 in 8 Americans over the age of 65 have Alzheimer’s disease • Almost 50% over age 85 have the disease • 5.4 million Americans are living with Alzheimer’sdisease • By 2050, 16 million will have the disease Alzheimer’s Association Fact Sheet, March 12 2012

  10. Help when you need help!GTL* critical care*Guarantee Trust Life insurance company Benefits are only paid for covered conditions. See the policy for complete details on coverage.

  11. Benefits are not available in all states. Underwritten by Guarantee Trust Life Critical care by gtlpays cash! • CASH benefits may be used for any purpose • Replace lost income • Pay someone to care for you at home (including family!) • Rehabilitation in Assisted Living Facility or Nursing Home • Travel and lodging for treatment plans • Lifestyle changes • Mortgage loans & debt payments • Use it for anything you decide to use it for Benefits are only paid for covered conditions. See the policy for complete details on coverage.

  12. Benefits are not available in all states. Underwritten by Guarantee Trust Life critical care by GTL:benefit Increase Included *not available in all states Cash benefit can help pay Long Term Care Expenses During a benefit period, if you reside • At home or in a facility: You receive 100% of the Monthly base benefit • Assisted Living Facility: You receive 50%additional* • Nursing Home:You receive 100% additional * See the policy for complete details on coverage. This is not a complete explanation of coverage.

  13. Benefits are not available in all states. Underwritten by Guarantee Trust Life critical care by GTL:Stands apart from the rest A uniqueCritical Illness Policy • Covers Alzheimer’s Disease • Increased ALF and NH benefits • Restoration of Benefits • No reduction in coverage as you age See the policy for complete details on coverage. This is not a complete explanation of coverage.

  14. How it works Benefits are only paid for covered conditions. See the policy for complete details on coverage.

  15. Benefits are not available in all states. Underwritten by Guarantee Trust Life Step One:choose a Plan to fit your situation Benefits are only paid for covered conditions. See the policy for complete details on coverage.

  16. Benefits are not available in all states. Underwritten by Guarantee Trust Life Step two: Choose your Monthly base Benefit Could pay up to $6,000 a month if confined in a Nursing Home! • Options: $500 - $3,000 per month in $250 increments • Dependent coverage is $500 per month • Base Benefit is increased • 100% when in a Nursing Home • 50% when in an Assisted Living Facility Benefits are only paid for covered conditions. See the policy for complete details on coverage.

  17. Benefits are not available in all states. Underwritten by Guarantee Trust Life Step three:choose your Benefit Period Benefit Period is restored for most conditions 12 months after benefit payments end until you reach your Lifetime Maximum Benefit Options: 6, 12, 18 or 24 months The length of time you receive the Monthly Base Benefit for a covered condition (Limited benefit period applies to certain conditions) Diagnosis qualifies for full benefit period* *There is an initial, one time, 30 day waiting period after the policy is issued in most states

  18. Benefits are not available in all states. Underwritten by Guarantee Trust Life Critical care by gtlbenefits based on diagnosis Recover or Die If you during a covered benefit period, the remaining benefits will be paid Benefits are only paid for covered conditions. See the policy for complete details on coverage.

  19. Benefits are not available in all states. Underwritten by Guarantee Trust Life MAXIMUM LIFETIME BENEFIT EXAMPLE Lifetime Maximum Benefit: The maximum amount the policy will pay Formula: Monthly Benefit x Benefit Period x 3 Example: $3,000 a Month, 24 month plan $6,000 Full Monthly Benefit w/Nursing Home x 24 Benefit Period x 3Lifetime Benefit Multiplier $432,000 Maximum Lifetime Benefit Benefits are only paid for covered conditions. See the policy for complete details on coverage.

  20. Benefits are not available in all states. Underwritten by Guarantee Trust Life Covered conditions & coverage Benefits are only paid for covered conditions. See the policy for complete details on coverage.

  21. Benefits are not available in all states. Underwritten by Guarantee Trust Life how it works Any combination for the FULL 24 months You chose a $3,000 Monthly Base Benefit with a 24 Month Benefit Period… Five years later you have a stroke: Your monthly benefit will be based on where you recuperate: Benefits are only paid for covered conditions. See the policy for complete details on coverage.

  22. Benefits are not available in all states. Underwritten by Guarantee Trust Life Optional – Return of Premium rider Optional Benefit Will refund the premiums you paid, less any benefits the company paid, if you die before the first policy anniversary following your 80th birthday Example: You pay $100 a month premiums starting at age 55. At age 65 you die without using the policy. If you have this rider, the policy will pay $12,000 to your beneficiary. Benefits are only paid for covered conditions. See the policy for complete details on coverage.

  23. Let’s Design a planfor you

More Related