CRITICAL ILLNESS INSURANCE
Crisis Recovery
We all realize that many individuals who have been diagnosed with what at one time were considered fatal illnesses are now overcoming the odds and surviving.
Unfortunately, it places a tremendous emotional strain on the family and many times accompanied by an overwhelming financial burden.
Your financial security is most threatened when you are told by a physician that you have suffered a heart attack or stroke o that the tissue taken during a biopsy is, in fact malignant.
Crisis Recovery is designed to ease the financial pressure by providing a lump sum cash benefit paid directly to yo upon the diagnosis of a covered illness.
Use your Crisis Recovery benefits any way you wish.
Treatments that are not covered by or limited by your existing medical insurance.
Select the amount that’s right for you.
You may apply for up to $50,000 of valuable critical illness protection. Children may apply for $10,000.
$10,000
$20,000
$30,000
$40,000
$50,000
Dependent Children’s Benefit
Category One Benefits
| Conditions | Percent Paid |
|---|---|
| Cancer (Internal Cancer)* | 100% |
| Non-Invasive Carcinoma In-Situ | 25% |
Category Two Benefits
| Conditions | Percent Paid |
|---|---|
| Heart Attack | 100% |
| Stroke | 100% |
| Coronary Artery Bypass** | 25% |
| Angioplasty | 10% |
| Pacemaker Implant -single chambered | 30% |
| Pacemaker Implant -double chambered | 40% |
| End Stage Renal Failure | 100% |
| Organ Transplant (kidney) | 50% |
| Organ Transplant (heart, lung, liver and pancreas) | 100% |
** Payable for one Coronary Artery Bypass Surgery only.
Waiting Period
The benefits of this Policy are payable for loss that begins more than 90 days after the Effective Date of coverage for each Insured person. If the Diagnosis is made within the first 90 days, we will pay 25% of the benefit payable as listed in Category One and Two of the policy.
Reduced Benefits
During the first 90 days after the Effective Date of coverage, Reinstatement date or for a second date of occurrence resulting in a Diagnosis or procedure in a Multiple Condition instance, We will pay 25% of the Percentage Benefit Payable listed in the Policy Schedule.
Reduction of Benefits Due To Age
Guaranteed Renewable
After the first 12 months, We reserve the right, subject to 30 days (45 or 60 days depending on state) prior written notice to You at Your last known address, to establish a new schedule of premium rates; such schedule of rates will be effective on the following renewal date for all or any class of Insured’s covered by this Policy. Premiums are scheduled to change annually based upon each Insured’s attained age. Attained age means the age of the Insured on the Policy Effective Date of coverage and subsequent Policy anniversary.
Attained Age Pricing
This is in contrasts to a method called Issue Age Pricing where the premium starts out much higher but remains at the same level for several years or the life of the policy.
Which method is better?
In comparing this method to other insurance carriers that prices their product using Issue Age Pricing, we find that our method can save you as much as 20% to 30% (see graph) in the first 10 Years depending on your age.
Benefit Definitions
Cancer (Internal Cancer)
For purposes of the policy, the following are not considered Cancer (Internal Cancer): pre-malignant conditions or conditions with malignant potential, cervical intraepithelial neoplasia (CIN) stages I and II, Carcinoma in Situ, Non-Invasive Carcinoma In-Situ, Leukoplakia, hyperplasia, polycythemia, moles, lesions, Skin Cancer.
Stroke
(1) documented neurological impairment or deficits; and
(2) confirming neuroimaging studies.
Stroke does not mean a cerebrovascular event resulting from a head Injury, transient ischemic attack, chronic cerebrovascular insufficiency and reversible ischemic neurological deficits.
Non-Invasive Carcinoma In-Situ
Coronary Artery Bypass Surgery (surgical treatment)
The first ever heart surgery to correct narrowing or blockage of one or more coronary arteries with bypass grafts, performed by a Legally Qualified Physician who is a board certified Cardiothoracic Surgeon. Payable for one Coronary Artery Bypass Surgery per insured person.
Angioplasty
Organ Transplant (heart, lung, liver, pancreas)
Heart Attack
(1) associated new EKG changes consistent with Injury;
(2) elevation of cardiac enzymes above generally accepted laboratory levels of normal (a diagnostic elevation of Troponin I or in the case of CPK, a CPK-MB measurement must be used) and
(3) confirmatory imaging studies such as thallium scans, MUGA scans or stress echocardiograms.
The following are not considered a Heart Attack: an EKG change consistent with transient ischemic change, angina, or chance finding of EKG changes suggestive of a previous Heart Attack, or death of the heart muscle coincident with death of an insured from other causes.
In the event of death, an autopsy confirmation and death certificate identifying Heart Attack as the cause of death will be accepted.
Pacemaker Implant
The procedure to insert an artificial pacemaker. A pacemaker is a device that sends small electrical impulses to the heart muscle to maintain a suitable heart rate or to stimulate the lower chambers of the heart (ventricles). A pacemaker may also be used to treat fainting spells (syncope), congestive heart failure and hypertrophic cardiomyopathy.
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