Critical Illness Insurance
Voluntary Critical Illness Insurance
As an active employee of Infratech Corporation, you can give your family the extra security they need to lessen the financial impact of a serious illness by purchasing Critical Illness insurance through United of Omaha Life Insurance Company. A critical illness insurance policy provides a lump-sum cash benefit upon diagnosis of a critical illness like a heart attack, stroke or cancer. The benefit can be used to pay out-of-pocket expenses or to supplement your daily cost of living. How much insurance is enough? Even if you have the best health insurance plan, it will not cover 100 percent of medical expenses. You also need to consider other expenses associated with the recovery process – time off work, travel to treatment centers, home modifications – that may quickly deplete your savings. Coverage guidelines and benefits are outlined in the chart below.
ELIGIBILITY - ALL ELIGIBLE EMPLOYEES Eligibility Requirement
You must be actively working a minimum of 30 hours per week to be eligible for coverage. To be eligible for coverage, your dependents must be able to perform normal activities, and not be confined (at home, in a hospital, or in any other care facility), and any child(ren) must be under age 26. In order for your spouse and/or children to be eligible for coverage, you must elect coverage for yourself. The premiums for this insurance are paid in full by you. Child insurance is automatic. A separate premium is not required.
Dependent Eligibility Requirement
Premium Payment
BENEFIT CATEGORY 1
CONDITION
% OF CI PRINCIPAL SUM
Heart Attack, Heart Transplant, Stroke, ALS (Lou Gehrig's), Advanced Alzheimer's, Advanced Parkinson's Heart Valve Surgery, Coronary Artery Bypass, Aortic Surgery
100%
Heart/Circulatory/Motor Function
25%
11 INFRATECH CORPORATION 2023 BENEFITS GUIDE G000B59Y
45105
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