I am a Field Underwriter/Producer for Health and Life Insurance. We are a middle sized company who competes with the Major Medical Companies throughout the US. Our accident policies are definitely at par and better than most AFLAC policies and only cost 8 dollars per person per month, with cancer and Critical illness policies costing just about the same or a little more per month. These types of indemnity plans are very inexpensive...my question to you is do you have other insurance that these policies supplement? If the answer is yes, then it IS extra expense that you have to weigh the worth of. On the other hand, our supplemental plans pay out one lump sums instead of per treatment so you get the best of both worlds....price/benefits.
Remember the main rule here, you can never have too much coverage, as long as your financial situation permits, and thats totally not being biased because Im in the industry, its because its the smart thing to do.
One insightful thing I read here is that your husband doesnt know which company insures you, nor does he know the absolutes of the plan, and the benefits inside when you asked. My only qualm with that, and its major, is that his agent is making your husband trust him, and that alone isnt good enough. That agent should have made sure he knew exactly what he has insurance for, and outlined that to him...if you dont know what the benefits are and how they pay, how do you know youre getting what you paid for when its time to file a claim??? My assumption here is that you dont think the agent has your best interest at heart, and thats why you balk at the idea here, if the agent did a better job of explaining things to you both, then youd be happy with the decision for sure. MAKE THE AGENT DO HIS JOB!