Voyager Insurance

What happens when the breadwinner in the family is struck by some serious illness that leaves him unable to maintain his earning level?

Let’s say the man has health insurance but either he doesn’t make a full recovery, or it takes him a long time to get back on his feet, or he never really recovers full health. Is he covered by his health insurance? What about things like the mortgage he was paying, the loans he took from work, the payments on his car, the children’s education, etc?

Many people do not consider that a serious illness, assuming that they recover, could leave them with some form of disability or long term health impairment, so they never bother to make this inquiry.

There are insurance companies who provide health insurance who will cover this event, but it may take some searching to find the right company. The subject may also not strictly fall under health insurance but may have drifted into the realm of general insurance or some other insurance that covers the specific item mentioned such as mortgage repayment insurance or disability insurance.

When you next discuss health insurance with your broker, raise this issue.