Critical Illness

CRITICAL ILLNESS INSURANCE can help your clients
focus on their HEALTH, NOT FINANCES

Every 40 seconds

someone in the US has a stroke. 600,000 people will experience their first stroke (this year). 10% of stroke victims recover almost completely; 25% recover with minor impairments; 15 percent die shortly after the stroke.

Every 34 seconds

an American will suffer a heart attack. 785,000 will have a new coronary attack (this year). Where defibrillation is provided within 5 to 7 minutes, the survival rate from sudden cardiac arrest is as high as 30-45%.

1.5 million Americans

will declare bankruptcy this year. 60% are due to medical bills (up 50% over 6 years). 78% had health insurance but were impacted by deductibles, co-payments and uncovered expenses + living expenses.

If your client develops a critical illness, you want them to able to focus on their health – not finances. Critical Illness insurance pays a lump-sum cash benefit that can help handle expenses if a covered beneficiary is diagnosed with a covered condition.

They can use the cash how they see fit

Even with their medical plan, your clients may have co-insurance and deductible costs for items they didn’t expect and that aren’t covered by traditional insurance including travel, child care, household expenses, and lost wages due to time away from work (patient and caregivers).

Critical Illness insurance pays a lump-sum cash benefit that can help with these expenses if a covered client is diagnosed with a covered condition, which can include:

  • Invasive Cancer
  • Heart Attack
  • Major Organ Transplant
  • Stroke
  • Renal (Kidney) Failure
  • ALS (Lou Gehrig’s Disease)
  • Blindness
  • Paralysis
  • Coronary Artery Disease
  • Carcinoma in Situ

Your client can choose a benefit amount that fits their budget: $5,000, $10,000 or $15,000 usually. They can buy coverage for themselves, or add a spouse, partner and/or dependent children (up to age 26).

Most plans pay an additional benefit upon diagnosis of a second and different covered condition. The second diagnosis must occur at least six months after the first diagnosis and payment will be equal to the lump sum amount. See example in chart below.

Critical Illness policies pay a great commission and most companies offer a lifetime trail for policies in force.

Whether your client has a Medicare Advantage plan or a Medicare Supplement, likely a diagnosis with these conditions will create expenses that are not covered by their plan. Make sure and talk to your clients about this gap in their coverage. Ask our staff for a company commission grid