Critical Illness Coverage

Critical illness coverage offers your clients’ employees valuable peace of mind from the rising costs of specialized healthcare, which are often not covered by ordinary health insurance. These policies can take the shape of cancer and vascular coverage, as well as cover transplants and occupational HIV.

Key features

Policies pay lump sum benefits directly to the employee
Annually restorable benefits
Travel and wellness benefits
Payment in addition to other coverage
No deductibles
Portable coverage
Issue ages, often ranging from late teens to early 70s
Family coverage
Guaranteed renewable for life

Product details

Lump sum cash payments typically allow benefits to be used for any purpose, including:

To help offset the loss of income
Deductibles, copayments, and scheduled benefit limitations
Treatments considered experimental
Transportation expenses to and from doctors and treatment facilities
Normal living expenses – e.g., mortgages, car payments, utility bills, child care, groceries, and credit card bills
Annually restorable policies help offset expenses incurred for treatment of covered diseases; payments typically are more focused toward inpatient or outpatient services as well as supplies and treatments such as hospital room and board, medicines, laboratory services, and medical or surgical services

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