Critical Illness Insurance for Individuals
Critical Illness Insurance*** provides benefit coverage that can help you manage your financial obligations when you have been diagnosed as having a covered medical condition. This insurance is underwritten by Standard Security Life Ins. Co. of NY. and marketed through American Benefits Exchange.
Why Purchase Critical Illness Insurance?
Serious medical conditions are very expensive.
- Critical Illness Insurance can help you pay for out-of-pocket expenses and specialty drugs, which may not be covered under your regular insurance.
- Critical Illness Insurance benefit payments may help you avoid withdrawing money from your other accounts.
- Critical Illness Insurance benefit payments can help make up for lost wages due to illness.
How Critical Illness Coverage Works
Critical Illness Insurance gives you a lump sum benefit payment when a covered medical condition is diagnosed. This payment is made directly to you and you can use it in any way you choose, for:
- Treatment
- Daily household expenses
- Car payments
- Business expenses
- College tuition payments
Covered Illnesses
You will receive a benefit payment if you experience any of the following conditions (critical illnesses may vary by state):
- Heart Attack
- Stroke
- Major Organ Failure
- Coronary Artery Bypass
- Angioplasty
- Coma
- Paralysis
- Severe Burn
Eligibility
You are eligible to apply for Critical Illness Insurance if you are between ages of 18 and 64 and a permanent, legal resident of the United States. Your lawful spouse (or partner, as defined by each state) and your children through age of 24 are also eligible. Critical Illness Insurance is renewable to age 75.
*** Please note: Critical Illness Insurance is not available in all states. All products are subject to state approval.
