Critical Illness Insurance
Critical illness insurance is medical insurance that pays a lump-sum benefit upon diagnosis of a critical
illness or condition. A critical illness insurance payout helps you avoid the financial strain a major illness
can create so you can focus on your recovery. The concept was pioneered by Dr. Marius Barnard who
with his brother Christian preformed the world’s first human heart transplant.
Critical illness insurance gives you the freedom to:
Traditional health insurance is valuable, but often limiting. Because medical treatment is more advanced
than ever, it's also more expensive. People today often experience financial hardship because of the
medical expenses their health and disability insurance don't cover. Critical illness insurance could be a
strong supplement to other health insurance, paying for deductibles and coinsurance of your health
insurance policy and travel expenses for you and your family if you seek treatment away from home. The
benefit from a critical illness policy is payable directly to you and coverage is not related to any other health
or disability policy that you have in place.
Critical illness insurance pays 100% of your maximum benefit amount for:
To learn more about critical illness insurance and receive a quote, please click here.
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. I 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
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.
Richard D. Whitney
CCIM, SIOR, CPM, GC
President, Whitney Commercial Real Estate Services