Claims Examples EXAMPLE 1
Robert currently has a $25,000 Secure Plus Cancer Policy with a Cancer Recurrence Benefit Rider from ManhattanLife and was recently diagnosed with Cancer. His policy will pay the Cancer Lump Sum benefit. Lump Sum Payout: Cancer Lump Sum: $25,000 Total Benefit Paid: $25,000 6 years later, Robert is diagnosed with Cancer again. Because he has a Cancer Recurrence Benefit Rider, he will receive 50% of his original $25,000. Cancer Recurrence Benefit Payout: $12,500 Total Benefit Paid: $12,500 Total Benefit Paid: $37,500 EXAMPLE 2 Ken has elected to purchase $75,000 Cancer and $75,000 Heart & Stroke coverage. 12 months after purchasing the policies Ken suffers a Stroke and is then diagnosed with Cancer. His Cancer and Heart & Stroke coverage would pay out the following: Cancer Lump Sum: $75,000 Heart and Stroke Lump Sum: $75,000 Total Benefit Paid: $150,000 EXAMPLE 3 Last year Judith purchased a $50,000 Heart & Stroke plan. This year, after satisfying her 30 Day Waiting Period, she had to have Aortic Surgery. 6 months later, she had to have an Angioplasty. Her Heart & Stroke plan would pay out 25% of the $50,000 for the Aortic Surgery and 10% for the Angioplasty. Aortic Surgery Benefit Payout: $12,500 Angioplasty Benefit Payout: $5,000 Total Benefit Paid: $17,500 Remaining Heart & Stroke Benefit Amount: $32,500 EXAMPLE 4 Kelly has had a $20,000 Heart & Stroke Policy without the Heart & Stroke Restoration of Benefits Rider for the past 2 years. Kelly suffered a Stroke and then suffered a Heart Attack 6 months after. Her Heart & Stroke Policy will pay one lump sum benefit of $20,000 for the Stroke and coverage will terminate after initial payout. No benefit is paid for the Heart Attack. Heart & Stroke Lump Sum: $20,000 Total Benefit Paid: $20,000 Remaining Heart & Stroke Benefit Amount: $0
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