Group Critical Illness Insurance

Employees pick up the entire cost of the premium with voluntary critical illness insurance. They choose the level of protection that’s right for them and pay the premiums through payroll deduction.

Critical illness insurance can help alleviate financial worries during a serious illness. A lump-sum cash benefit is paid to the insured person when they’re diagnosed with a specific critical illness. This benefit provides cash at a time when it may be needed most.

Life doesn’t always go as expected. Serious illnesses happen. And while medical insurance helps pay for medical expenses, and disability insurance replaces a portion of lost income, they don’t cover all the costs associated with having a serious illness. Critical illness insurance helps employees be more financially prepared to handle those expenses with a lump-sum cash benefit.

When an insured person is diagnosed with a specific critical illness, they receive a lump-sum cash benefit to use any way they choose, regardless of other insurance they have or actual expenses incurred. This includes expenses such as medical deductibles and copayments, travel costs for medical treatment, child care, lost income of spouse or caregiver, home healthcare needs, and more.

Our critical illness insurance covers some of the most common serious illnesses like cancer, heart attack, stroke, and more.

Our simplified product design includes these features:

• Proof of good health is not required during initial enrollment.
• Multiple benefits may be paid if the employee or family member suffers a critical illness, and is then diagnosed with another critical illness.
• A health screening/wellness benefit may be included to encourage preventive care.
• It’s portable coverage employees can take with them.

Employees and their dependents can call a free, confidential emotional health support line 24 hours a day, 7 days a week to reach licensed behavioral health clinicians who can provide emotional support, tips for healthy coping, and referrals to local resources.

Talk to our financial professionals about offering group critical illness insurance. And, consider combining group critical illness insurance with other offerings for a more comprehensive benefits package.