Benefits for 2026
Critical Illness Insurance
SUMMARY OF COVERAGE
Spear offers optional supplemental health benefits through Lincoln. These plans are not medical insurance and do not replace your medical coverage, but rather pay cash directly to you in addition to any benefits you receive from your health plan. The plans are designed to help offset expenses associated with unexpected injuries, illnesses, and hospital stays, such as deductibles, copays, and lost income.
Insurance policies available for purchase (through after-tax payroll deductions) include Accident Insurance, Hospital Indemnity Insurance and Critical Illness Insurance.
KNOW ABOUT YOUR CRITICAL ILLNESS INSURANCE
This insurance pays a lump-sum cash benefit directly to you following the diagnosis of a covered critical illness or event, such as a heart attack, stroke or cancer.
The benefit is yours to use however you want, including paying for healthcare expenses, mortgage, rent, or other bills.
COVERAGE OPTIONS: You can choose from three cash benefit levels for yourself and/or your spouse: $10,000 $20,000 $30,000 Coverage is also available for child(ren) in options of $5,000, $10,000, and $15,000, not to exceed 100% of the employee’s benefit level Portability included – allowing you to take the policy with you if you end employment.
WELLNESS BENEFIT Critical Illness Insurance includes an annual benefit of $50 for you and covered spouse when you take a covered health screening test. Over 40 different screenings qualify, including: • Cholesterol screening • Mammogram • Immunizations, e.g., Covid-19
Covered Illnesses or Events*
100% Benefit Invasive Cancer Heart Attack Stroke Major Organ Failure End-stage Renal Failure
25% Benefit: Coronary Artery Disease Carcinoma in Situ
$250 Benefit: Skin Cancer
Rates for critical illness are based on your age and the benefit level selected. See your online enrollment system for more information.
This booklet provides only a summary of your benefits. All services described within are subject to the definitions, limitations, and exclusions set forth in each insurance carrier or provider’s contract.
2026 Employee Benefit Guide
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