What can happen to us?
YOU CAN SUBSUME TO A TERMINAL, CHRONIC OR CRITICAL DISEASE
- 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 USA.
- Every 40 seconds someone suffers a stroke.
- Every 26 seconds someone suffers a heart attack.
- 45% of heart attack victims are under 45 years old.
- 3 out of 4 people (75%) over 40 will experience a critical illness at some point in their future.
- 48% of foreclosures are the direct result of a critical illness (only 3% due to death).
- 48% of companies that fail fail due to a critical illness.
- 62% of bankruptcies are due to a critical illness. Of those bankruptcies, 75% of them had health insurance.
- From 1990 to 2008, spending on cancer care rose to more than $ 90 billion from $ 27 billion.
- One in four cancer patients or their families said they exhausted all or most of their Withdrawal or savings to pay for treatment.
- One in eight people with advanced cancer refused the recommended care because of the cost.
Chronic diseases affect many people and can generate additional expenses for a family. Some of these expenses may include:
- Cost of a nursing home for a private room: for the care of a nursing home, the national monthly average is now $ 6,266, which translates to $ 75,190 per year.
- Assisted living facilities: for assisted living facilities, the national monthly average is now $ 3,185, which translates to $ 38,220 per year.
- Home health aide (certified): For the home health aide, the national monthly average is now $ 3,623, which translates to $ 43,472 per year.
YOU CAN DIE TOO MUCH SOON
- Almost 75% of Americans agree that life insurance is the best way to protect survivors from the financial problems that result from the premature death of an employee responsible for a family.
- 68 million (32%) of US adults do not have insurance
YOU MAY NEED ADDITIONAL INCOME FOR RETIREMENT OR OTHER EXPENSES
- 37% of US homeowners do not have any type of retirement savings account.
- 1 in 5 American adults ages 50 to 64 have less than $ 5,000 in retirement savings.