Critical Illness Insurance
What is Critical Illness Insurance? Insurance that pays lump sum benefits for critical illness’s such as cancer or having a heart attack. See the chart below for illness’s covered under Assurity’s Simplified Critical Illness Plan.
Why Should I have Critical Illness Insurance? Rising health insurance premiums have caused most people to increase their deductible and co-insurance. This leaves you vulnerable financially in the event of a critical illness. You not only have to deal with the medical expenses not covered by your health insurance, but also things such as lost wages from you and possibly your spouse and travel expenses.
Where did the original idea of Critical Illness insurance come from? It was the idea of renowned heart surgeon. He noticed after major heart surgery many of his patients were having trouble recovering, not because of anything physical but because of the stress financially they were going through.
What Critical Illness plans do you offer? We offer what we believe are the best Critical Illness Insurance plans available in the market today- Assurity, Colorado Bankers Life (CBL), and American General’s Accident Expense Plus.
Find out which plan is right for you. Call us toll free (877) 274-7635 . |
AssurityBalance® Simplified Critical Illness Insurance
(Policy form CI-005 or I H0810)
Simplified Critical Illness Insurance is designed to pay a lump sum to the insured at the first-ever diagnosis of 12 covered illnesses or procedures. This simplified product offers a short application with a handful of health questions– no medical exams are required.
Issue Ages: 18-59, Age last birthday
Issue Amounts: $5,000-$50,000
Underwriting Classes: Male/Female, Tobacco/Non-tobacco
Category |
Specified Critical Illness |
Percentage of Benefit Amount Payable for Each Specified Critical Illness |
Maximum Percentage of Benefit Amount for Category |
Category 1 |
Invasive Cancer |
100% |
100% |
Cancer in Situ |
25% |
Category 2 |
Heart Attack |
100% |
100% |
Major Organ Transplant – Heart or Combination Transplant including Heart |
100% |
Stroke |
100% |
Coronary Bypass Surgery |
25% |
Angioplasy |
10% |
Category 3 |
Advanced Alzheimer’s Disease |
100% |
100% |
Coma – not as a result of Stroke |
100% |
End-Stage Renal Failure |
100% |
Major Organ Transplant – other than Heart |
100% |
Major Burns |
100% |
Paralysis – not as a result of Stroke |
100% |
Benefits Across Categories: The first benefit is paid upon the initial diagnosis of a condition or procedure in any one of three categories. If premiums continue to be paid and the insured is diagnosed with a condition or procedure in a different category, the insured will again receive the benefit payment indicated.
Instant Quotes for Assurity Simplified Critical Illness Insurance Quote- click here
