What can happen?

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What Can Happen To Us?

YOU MAY SUCCUMB TO A TERMINAL, CHRONIC OR CRITICAL ILLNESS

  • Men have a 1 in 2 risk of developing cancer during their lifetime and women have a 1 in 3 risk.
  • Every 30 seconds a new cancer is diagnosed in the U.S
  • Every 40 seconds someone suffers a stroke.
  • Every 26 seconds someone suffers a heart attack.
  • 45% of heart attack victims are under the age of 45.
  • 3 out 4 people (75%) over the age of 40 will experience a critical illness at some point in their future.
  • 48% of mortgage foreclosures are the direct result of critical Illness (only 3% due to death).
  • 48% of businesses that fail, fail because of a critical illness.
  • 62% of bankruptcies are due to a critical illness. Of those bankruptcies, 75% of them had health insurance.
  • 1990 to 2008, spending on cancer care soared to more than $90 Billion from $27 Billion..
  • One in four cancer patients or their families said they used up all or most of their Retirement or savings to pay for treatment.
  • One in eight people with advanced cancer turned down recommended care because of cost.

Chronic illness affects many people and can create additional expenses for a family. Some of these expenses may include:

  • Nursing Home Cost for a Private Room: For nursing home care, the national monthly average is now $6,266, which translates into $75,190 annually.
  • Assisted Living Facility: For assisted living facilities the national monthly average is now $3,185, which translates into $38,220 annually.
  • Home Health Aide (Certified): For Home Health Aide, the national monthly average is now $3,623, which translates into $43,472 annually.

YOU MAY DIE TOO SOON

  • Almost 75% of Americans agree that life insurance is the best way to protect survivors against the financial problems resulting from the premature death of a primary wage earner.
  • 68 million (32%) of adult Americans are uninsured
  • YOU MAY NEED ADDITIONAL INCOME FOR RETIREMENT OR OTHER EXPENSES
  • 37% of American homeowners do not have any kind of retirement savings account.
  • 1 in 5 U.S. adults age 50 to 64 has less than $5,000 in retirement savings.