Critical Illness Insurance Choosing to plan for sudden illness
Can your finances survive a serious illness? Maybe it’s happened to someone you know. A sudden illness such as a heart attack or stroke can cause devastating physical and financial consequences. Every year about 735,000 Americans have a heart attack. Of these, 525,000 are a first heart attack and 210,000 happen in people who already had a heart attack. 1 How can critical illness insurance help? For many, a critical illness can expose an individual to an unexpected gap in protection. While health plans may help cover many of the direct costs associated with a critical illness, related expenses such as lost income, child care, travel to and from treatment, high deductibles and co-pays may quickly diminish savings. Critical illness insurance pays a fixed benefit if you are diagnosed after your coverage effective date with a covered critical illness. How do I know if I’m eligible to participate in this plan? You are eligible to participate if you are an active full-time employee as defined by your employer and meet any other policyholder defined eligibility requirements. This product is inappropriate for those persons who are eligible for Medicaid coverage.
Key Advantages of This Plan
• Benefits are payable directly to you to be spent any way you choose. • Pays in addition to any other coverage you may have. • Flexible coverage options to meet your individual needs. • Fast and accurate claims service. • Coverage is fully portable – if you change jobs you can take your coverage with you.
1 Mozaffarian D, Benjamin EJ, Go AS, et al. Heart disease and stroke statistics—2015 update: a report from the American Heart Association. Circulation. 2015;131:e29-322.
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This critical illness only insurance policy provides limited benefits. This limited policy has some specific benefit limits and is not a medical insurance policy, a Medicare Supplement policy or a high deductible health plan or a policy of Workers’ Compensation insurance. Please refer to the issued insurance policy for complete details and all benefit requirements, including all limitations, exclusions, restrictions and reductions. We reserve the right to cancel the policy with advance written notice to the policyholder. Insurance policies and certain policy benefits are subject to state variations and may not be available in all states. Issued insurance contracts determine all plan features and benefits. Contact Sun Life Financial for additional details.
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