Filed Under:Health Insurance, Ltci

The cost of critical illness would probably crush your finances

An overwhelming majority (90%) of middle-income Americans say they are not financially prepared for a critical illness diagnosis, according to a new study released by Washington National Institute for Wellness Solutions (IWS).

The study, Middle-Income America’s Perspectives on Critical Illness and Financial Security, which surveyed 1,001 Americans ages 30 to 66 with an annual household income of between $35,000 and $99,999, found that only one in 10 feels strongly confident they have enough savings to cover family emergencies and handle the financial implications of a critical illness,such as cancer, heart disease stroke, or Alzheimer's disease.

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Nichole Morford

Nichole Morford
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