Income Protection

Safe Retirement in Troy, Michigan

What is Critical Illness Coverage?

caregiver hugging old male patient Critical illness coverage is insurance that pays living benefits to an individual upon the diagnosis of a critical illness regardless of treatment, actual expenses or other coverage. Living benefit payments are from all or part of the life insurance face amount and are for covered conditions diagnosed at least 30 days after the policy effective date (60 days for cancer).

Why Critical Illness Coverage?

Almost everyone knows someone who has experienced a critical illness of some kind…and survived physically. Critical Illness insurance is designed to help people through the financial challenges associated with survival. This can be used in combination with your major medical health insurance coverage to pay off your deductible and co-pay’s.

What does Critical Illness cover?

Our plans pay as a lump sum, the percentage of your term life insurance benefit if you are first diagnosed with one of the following:

Cancer (Life Threatening)
Heart Attack
Renal Failure
Major Organ Transplant
Terminal Illness
Total Disability
Major Heart Surgery
HIV from a Blood Transfusion

Death from any other cause is a 100% benefit.
(except for suicide during the first two years)

Pays in addition to any other insurance you have!

10% of the policy face amount every 5 years if you receive Social Security Disability Benefits, and the remaining 50% of the policy face amount at the end of 5 years if you are still receiving Social Security Disability Benefits for a total payout of 100%.

Survival Rates Are Up!

Advanced medical technology is allowing many more people to survive critical illnesses that would have been fatal in the past.

Between 1986 and 1996, the death rate declined approximately 25% from heart attacks and almost 15% for strokes. (Source: American Heart Association, 1999)

Less than 10% of all strokes are fatal. (Source: American Cancer Society, 1999)
The survival rate for cancer is almost 50% higher today than in 1950. (Source: American Cancer Society, 1999)

The possibility of surviving a critical illness before age 65 is almost twice as great as dying. (Source: National Center for Health Statistics.)

Wouldn’t a Check Be Better Than a Get Well Card?

Living benefits are paid directly to you. You choose how to spend the benefit at a time when you and your family may need extra cash the most!

Got questions? We want to help! Ask an insurance expert
from American Insurance Advisors. Call us at 248-895-0000.

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