While health insurance helps offset the high cost of medical expenses during an illness, it doesn’t cover living expenses like your mortgage, your car payment or your groceries. Critical Illness insurance policies help you focus on your recovery, not missed paychecks by paying out cash for any qualifying serious illness.

Coverage That’s There If You Need It

  • Cash that can be used as you see fit
  • Plans that can be combined with a high-deductible plan
  • Benefit that is tax-advantaged.

What Critical Illnesses Are Covered?

100% of your Critical Illness maximum lifetime benefit amount can be paid out for:

  • Heart attack
  • Life-threatening cancer (diagnosed more than 90 days after effective date)
  • Loss of hearing
  • Loss of speech
  • Loss of vision
  • Major organ transplant
  • Paralysis
  • Coma
  • Renal failure
  • Stroke

25% of Critical Illness maximum lifetime benefit amount can be paid out for:

  • Carcinoma in situ
  • Coronary artery bypass graft

Get Cash with Critical Illness Insurance

What Can I Use the Cash Benefit for?

A huge benefit of Critical Illness insurance is that when suffering from a qualifying serious illness you can use the cash payment for whatever expenses come up. This could include:

  • Mortgage or rent payments
  • Out-of-pocket medical costs
  • Living expenses like groceries
  • Prescriptions
  • Treatment with a specialist
  • Transportation
  • Experimental treatment

Combine Plans for Maximum Value

Combining Critical Illness insurance with a primary coverage health insurance plan can help you reduce your monthly premiums as well as protect your financial health. Check out our Copay, Health Savings Accounts (HSAs), and Catastrophic insurance plans to decide which one best fits your situation.

You might also consider pairing Critical Illness Insurance with Short Term health insurance or a Term Life plan for a complete coverage package.

Add Critical Illness to any major medical plan.

Frequently Asked Questions

Is There a Waiting Period?

The first diagnosis of a critical illness must be made 30 days after your policy’s effective date to be covered.

How Much Coverage Do I Need?

The American Association for Critical Illness Insurance recommends multiplying your monthly mortgage payment by 24 (i.e., enough coverage to make your mortgage payment for 2 years). 1

What Amount of Coverage Can I Get?

For Critical Illness insurance, the amount of cash you may receive depends on your plan. When you apply for one of our plans, you can select a maximum lifetime benefit amount between $10,000 – $50,000.

Is the Benefit Taxable?

Usually, money received from Critical Illness insurance is not taxable. Consult with your tax advisor for possible restrictions.

1 American Association for Critical Illness Insurance, 2011.