Critical Illness Insurance: What and Why?

A serious illness can happen to anyone, at any time, without warning. Whether it’s happened to a family member or a friend, most of us are probably familiar with the hardships a serious illness can bring.
A serious illness can also cause financial strain, due to a person being unable to work for a time. Plus, medical bills and other unexpected expenses can add up. A medical health insurance plan may cover some health care costs. But often, it won’t cover it all. That’s where a critical illness plan can help. 
​Critical illness insurance plans are also called critical care insurance or critical illness coverage. These plans provide a lump- sum cash benefit to help cover expenses related to a qualifying serious illness. 
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Critical Illness Insurance helps you focus on the important things if you're sick.

What Does Critical Illness Insurance Cover?

Critical illness insurance pays 100% of your maximum benefit amount for:
  • Heart Attack (myocardial infarction)
  • Life-threatening cancer
  • Stroke
  • Alzheimer's disease
  • Major organ transplant
  • Multiple Sclerosis
  • Paralysis
  • Kidney failure
  • Blindness
  • Deafness
Plans can be customized to meet your needs and budget

Self-Service Quote

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Click the logo to get started with a self-service quote
UHOne Critical Guard: Critical Illness Plan Brochure.

A Special Endorsement from  Richard D. Whitney

Ladies and Gentlemen,

Having met David Trout in high school, when we both lived in Tampa Bay, I was pleased to meet with him for lunch after so many years to catch up on old times and the people we both know. During our meeting I mentioned to him how hard it seems for a business owner with a family to cover all the bases necessary with proper insurance.  I remember telling him how I often feel like I’m in a boat with a million holes trying to plug them all with chewing gum!  ​
Knowing that people my age are around three times more likely to be the victim of disability or catastrophic illness than they are to die or be killed, I mentioned to him that with the responsibilities I have to the staff, family and lenders, I felt a bit vulnerable in that area.  I had lots of life insurance, but as the sole breadwinner of the family, our modest wealth and the lifestyle of our entire family could be at risk if I became disabled!  Worse yet, my condition might create a financial burden on them all.

David understood where I was coming from and suggested that he could offer me a policy that would cover the costs of operating the business for up to 18 months if I became disabled.  This would at least allow my wife time to figure out if I would be coming back to work or whether she needed to sell the business.  David also suggested he could offer a catastrophic illness policy that would pay if I got cancer or had a heart attack.  I signed up for both.

Wouldn’t you know it, about 12 months after purchasing these policies, I HAD A HEART ATTACK at just 52 years old! I remember spouting off instructions to my wife as they were wheeling me off to the operating room with tears in my eyes, not knowing if I’d die on the operating table or have the massive stroke the doctors warned me of as being a possibility.  “April has the trusts and the insurance policies, sell everything, you don’t need the stress . . . and . . . I love you.”

Well, obviously, I lived to tell about it!  But I want you to know how great it was to get the money from Mutual of Omaha for the catastrophic illness claim.  It wasn’t so great that I would recommend having a heart attack over it, but nonetheless, it was great!

I sincerely believe that those of you who own your own business, have a family and some debt take a long hard look at filling such voids in their insurance coverage with policies similar to the ones I purchased from Dave.

One last thing; I want you to know that David was in regular contact with Mutual of Omaha headquarters throughout the claims process. He worked as my liaison throughout the process in order to be sure that the claim was processed as expeditiously as possible.  He’s a fine man who knows his business and takes his responsibilities very seriously.

Thank You.

Richard D. Whitney
CCIM, SIOR, CPM, GC
President, Whitney Commercial Real Estate Services

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Your Local Agents

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Trout Insurance: 29 N Main Street. Weaverville, NC 28787
Click above, or call 828-279-4681 to speak with an agent.