Deductible

The amount of covered expenses that the insured must pay before a plan or insurance contract starts to pay.

$0.0

Coinsurance

Most policies require the insured to pay some portion of the health care bills. A typical arrangement is that the insurer pays 80 percent and the insured 20 percent, up to $3,000 of covered expenses after the insured has paid the deductible. After the insured hits the maximum out-of-pocket limit, the insurance company pays 100 percent of covered expenses during the remainder of the calendar year, up to any applicable annual benefit or lifetime maximum of the policy.

None

Coinsurance Out-of-Pocket Maximum

The limit on the amount an individual is required to pay for health care services covered by his or her benefits plan after the deductibles and any copays are paid. Refers to care received from the network of participating physicians, hospitals, and health care professionals. Coinsurance Out-of-Pocket amounts are in addition to any Deductible amounts.

0.0

Underwriter

Golden Rule Insurance Company

How It Works

With Term Life with Accelerated Benefit, you select the policy term period, Critical Illness benefit amount, and a Term Life benefit. If you are diagnosed with a qualifying critical illness after the waiting period ends, you receive a one-time Critical Illness benefit payment per diagnosis. Any Critical Illness benefit(s) paid will reduce the benefit amount of the Term Life Insurance policy by the amount of the benefit(s) paid.

Waiting Period

With Term Life with Accelerated Benefit the date of diagnosis must occur after the 30-day critical illness waiting period has been satisfied.

Accelerated Benefit

$100,000