1. The Marketplace for Critical Illness Coverage. August 2004. Presented by : Jerry Jacobs, CLU 5416 Yale Street Metairie, Louisiana 70003 Ph#(504)888-2242 Fax#(504)889-1753 Email: email@example.com. Introduction What is Critical Illness Insurance?
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The Marketplace for Critical Illness Coverage
Presented by : Jerry Jacobs, CLU
5416 Yale Street
Metairie, Louisiana 70003
Of these, 1.1 million survive at least three (3) years.
form of cancer at some point in their lives.
twice as great as dying.
Source: 1987 Employee Benefits News And Views Magazine
(heart, lung, liver, bone marrow)
30% over the past ten (10) years.
Source: Marketing Edit LIMRA 1997
non-medical expenses, such as:
sufferer is alive. Intended for dependents or beneficiaries.
deductibles/co-pays. May be limited in scope of portability if the
sufferer leaves his/her employment.
monthly income and benefits are dependent upon ability to
to a hospital stay or home nursing requirements.
to exercise choice.
of death (qx)
Life Insurance Product
diagnosis of a critical illness (ix)
Critical Illness Product
be duplicated in a corresponding C.I.I. product by
exchanging the key probability of death (qx) for the key
probability of a diagnosis of critical illness (ix)
Critical Illness Insurance is Flexible
Source: Financial Times 1998
Source: Life Insurance Selling 1997
1997 Net Premiums written by U.S. Companies
N = $5,161,545,733
Individual Life Arena
Group Health Arena
Now ask yourself the question:
Is there a market for C.I.I.?