Middle-income America not ready for critical illness costs

Middle-income America not ready for critical illness costs

A full 90 percent of middle-income Americans are not ready for the financial hardship posed by a critical illness diagnosis. They don’t have enough savings on hand and don’t have long-term care insurance or critical illness insurance to help defray the cost, according to a recent study by the Washington National Institute for Wellness Solutions. 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…

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