The out-of-pocket costs of a serious illness can be catastrophic, even with medical insurance.
Critical Illness Insurance helps provide financial protection in the event of a covered serious illness. The policy pays a lump sum benefit directly to you if you or a covered family member are diagnosed with a covered illness. You can use this benefit any way you choose – deductibles and coinsurance, expenses your family incurs to be by your side, or simply to replace your lost earnings from being out of work.
You choose a benefit amount of $10,000, $20,000 or $30,000 for yourself. If you choose to cover your spouse, you can choose a benefit amount of $5,000, $10,000, or $15,000, not to exceed 50% of the Associate’s selected amount. If dependent children are covered, their benefit will be 50% of your selected benefit amount.
This coverage is Guaranteed Issue! No health questions or physical exams are required.
Critical Illness Insurance is a limited benefit policy. This is not health insurance and does not satisfy the requirement of minimum essential coverage under the Affordable Care Act.
Examples of covered illness include:
Heart Attack
- Cancer
- Stroke
- Major Organ Transplant
- Coronary Artery Bypass
- and more...
Critical Illness Plan Features
- Portable Coverage: You can take your policy with you if you change jobs or retire.
- Family Coverage: Coverage options are available for your spouse and children.
- Health Screening Benefit: Provides a $75 benefit for Associates and spouses per calendar year if you complete a covered health screening test such as a physical exam, total cholesterol blood test, mammogram, lipid panel, and more. The benefit amount for enrolled dependent children is 100% of the Associate amount.
See the product brochure, certificate of coverage, and any applicable riders for a complete list of covered conditions, along with complete provisions, exclusions and limitations.
The policy or its provisions may vary or be unavailable in some states. The policy has exclusions and limitations which may affect any benefits payable.
