16/08/2021
To my friends and family:
For this season of Delta, as a Financial Advisor, I highly recommend to get both HMO and Critical Illness insurance.
For your HMO:
Get one that has coverage for all consultations and hospitalizations. I heard some HMOโs do not cover Covid related illnesses but on the other hand, Iโve also heard some that have good coverage.
For critical illness insurance:
While it is true that mere diagnosis will not entitle a claim for you,
1. You may still get your CI claim if you get a critical illness that is listed in your CI rider
2. If you have daily hospitalization income, surgical expense reimbursement, ICU or long term hospitalization in your riders, you are entitled to claim this even if the diagnosis is COVID.
So, it is not true that critical illness coverage is useless for Covid. We have already successfully and quickly processed some claims on the above. Claims are paid out in cash so it can be used for whatever purpose is needed.
True that we try to keep safe but we also want to be prepared in any case.
So, give us, your Financial Advisors, a chance to explain and talk with you. At least choose someone you can trust to not just sell to you but understand your needs and match it with your lifestyle and budget. And maybe get you one step closer to better peace of mind.
Itโs not about using other peopleโs stories or blaming those who werenโt able to get a coverage. But more, raising that awareness and unfortunately for some, this can only be done by telling stories.
This is our share in beating this pandemic. Please help us too.
Yours truly,
Elaine Guzman
Assistant Unit Manager, Licensed Financial Planner