CRITICAL ILLNESS
Critical illness insurance, otherwise known as critical illness coverage is a specific type of insurance policy that protects the insured if they are diagnosed with a specific type of illness or disease. The insurer is contracted to make payments, either a lump sum cash payment or ongoing, recurring payments if the policyholder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy.
The policy may also be structured to pay out regular income and the payout may also be on the policyholder undergoing a surgical procedure, for example, having a heart bypass operation.
This protection would allow those undergoing a health event to cover bills that are not covered under their traditional medical insurance, like home mortgage, auto loans, utilities and groceries. If diagnosed and undergoing treatment for certain serious medical conditions leaves an individual unable to work, their income stops and the ability to maintain and stay current on these bills, or even other insurance premiums may also cease, causing even further financial hardship.
Investment Advisory Services offered through Brookstone Capital Management, LLC.(BCM), a Registered Investment Advisor. Richon Insurance & Investments, Richon Insurance Agency and BCM are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. Fiduciary duty extends solely to investment advisory advice and does not extend to other activities such as insurance or broker dealer services. Advisory clients are charged a fee for assets under management while insurance products pay a commission, which may result in a conflict of interest regarding compensation. The content of this website is provided for informational purposes only and is not a solicitation or recommendation of any investment strategy. Investments and/or investment strategies involve risk including the possible loss of principal. There is no assurance that any investment strategy will achieve its objectives. Any comments regarding safe and secure investments, and guaranteed income streams refer only to fixed insurance products. They do not refer, in any way to securities or investment advisory products. Fixed Insurance and Annuity product guarantees are subject to the claimsâpaying ability of the issuing company and are not offered by Brookstone Capital Management.