Critical Illness insurance pays a lump-sum benefit following the diagnosis of a critical illness. The coverage allows the employees and families to use the paid benefits to meet the financial challenges that often result from a critical illness.

What type of critical illnesses can be covered?

  • Heart attack
  • Stroke
  • Major organ failure
  • End-stage renal failure
  • Coronary artery bypass surgery
  • Cancer
  • Bone marrow or stem cell transplant

Can the coverage be enhanced to cover additional critical illnesses?

Yes. There are options to expand the coverage of critical illness, including:

  • Enhanced cancer coverage
  • Children’s conditions
  • Progressive disease

Are there restrictions on the use of the paid benefit?

There are very few restrictions on how you can use the insurance payment. Depending on the program, the money can be used in the following manner:

  • To pay for critical medical services that are not covered under your health plan
  • Cover out-of-pocket medical expenses, including your deductible and coinsurance contribution
  • Daily living expenses; mortgages, student loans, car payments, and utility bills
  • Transportation expenses, such as getting to and from treatment centers, retrofitting vehicles to carry scooters or wheelchairs, and installing chair lifts in homes
  • Terminally ill patients, or those simply in need of a restful place to recuperate, can use the funds to take a vacation with friends or family