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
  • Pre-existing conditions are not covered by Critical Illness Insurance.
  • Conditions which were cleared by a medical professional 90 days prior to effective date, are covered after a 180 day waiting period.
  • 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, MT, NH, NY, SD, UT and WA
  • This is a group insurance policy issued to American Better Health Organization, Inc., and benefits are provided to members of the association.
  • Insurance is Underwritten by FEDERAL INSURANCE COMPANY, a member insurer of the Chubb Group of Insurance Companies. The coverage described in this literature may not be available in all jurisdictions. This literature is descriptive only. Actual coverage is subject to the language of the policy as issued (Policy # 9907-88-89). Exclusions apply. Chubb, Box 1615, Warren, NJ 07061-1615.
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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