Critical Illness Insurance
Some people may not consider the impact of a major critical illness on their finances. According to the American Journal of Medicine, medical expenses is the most common reason for bankruptcy(1). Although health insurance covers your medical bills, it doesn't help you with all of your other ongoing financial responsibilities. Critical Illness insurance may help by paying you a lump sum benefit when you are diagnosed with a major critical illness. This benefit can help cover your deductible and out of pocket exposure on your health insurance or any other expenses you may have. In addition, it can help sustain your standard of living during a very stressful time, so you can focus your attention on improving your health.

Highlights:
  • Critical Illness Insurance
  • Pays you a lump sum upon diagnosis of a covered critical illness
  • Covers heart attack, stroke, cancer, and major organ transplant
  • Covers you up to your benefit level
  • Benefit levels range from $2,500 - $25,000 per critical illness
How to use:
  • To file a claim for a critical illness, call us at (855) SURE-MED (787-3633)
  • Call us at (855) SURE-MED with any other questions you may have
Exclusions:
  • There is a 30 day waiting period for heart attack, stroke, and major organ transplant.
  • There is a 90 day waiting period for cancer.
  • Benefits are only paid upon diagnosis of a Covered Condition.
  • Conditions diagnosed prior to the effective date of coverage are not covered.
  • No benefit amount will be paid under this policy for a Covered Condition caused by or resulting from a Pre-Existing Condition.
  • A Pre-Existing Condition is defined as any condition for which medical advice, diagnosis, care or treatment was received, recommended, or would have been sought by a reasonably prudent person, during the 3 month period before becoming insured under this policy.
  • This Pre-Existing Condition exclusion only applies for 6 months, beginning with the effective date of the Insured Person's insurance.
  • For a full list of limitations and exclusions, please click here for the sample Description of Benefits
Disclosures:
  • Critical Illness insurance is not available to residents of CA, FL, KS, MD, ME, MN, MT, NH, NY, SD and UT
  • This is a group insurance policy issued to American Better Health Organization, Inc., and benefits are provided to members of the association.
  • This information is a brief description of the important features of the Critical Illness insurance plan. It is not an insurance contract. Insurance benefits are underwritten by Federal Insurance Company. Coverage may not be available in all states or certain terms may be different where required by state law. Chubb NA is the U.S.-based operating division of the Chubb Group of Companies, headed by Chubb Ltd. (NYSE:CB) Insurance products underwriting companies and not by the parent company itself.
References:
  1. Himmelstein MD, D. U., Thorne PhD, D., Warren JD, E., & Woolhandler MD, S. (2009) Medical Bankruptcy in the United States, 2007: Results of a National Study. The American Journal of Medicine, Volume (XX).


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