Coverage Needs Table ($85,000 Annual Salary)
| Recovery Duration | Total Income Replaced | Out-of-Pocket Medical | Savings Offset | Recommended Benefit Policy |
|---|---|---|---|---|
| 1 Year | $85,000 | $15,000 | -$25,000 | $75,000 Lump Sum |
| 2 Years | $170,000 | $15,000 | -$25,000 | $160,000 Lump Sum |
| 3 Years | $255,000 | $15,000 | -$25,000 | $245,000 Lump Sum |
Frequently Asked Questions
What is critical illness insurance?
Critical illness insurance pays a tax-free lump-sum cash benefit upon diagnosis of covered major illnesses (such as cancer, heart attack, stroke, or organ failure).