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Critical Illness Insurance

Pays a lump sum benefit when you are diagnosed with a covered illness

Why do I need Critical Illness Insurance?

Critical Illness insurance is actually a very powerful form of financial protection. It pays lump sum benefits when you are sick to help protect your quality of life after the illness.

A serious illness not only affects the physical body, the aftermath of paying for unexpected expenses could also affect money reserves like your savings account, college fund or retirement fund. The fact is, even with other forms of insurance in place, most people are simply not prepared for all the medical and non-medical expenses that come with a major illness.
 

How could a Critical Illness affect my finances?

Studies have shown that the costs associated with a serious illness have greatly increased incidents of bankruptcy and foreclosure.1,2

While you may expect and be ready for standard charges like doctor fees and medicine, there are other things to consider. For example:

  • how would you handle mortgage, rent or car payments if you were unable to work for a period of time due to illness?
  • could you afford to take unpaid leave to care for a sick loved one?
  • do you have an emergency fund set aside that would cover things like:

     - your insurance deductible,
     - average monthly bills like phone, internet and electricity,
     - help with household chores if you are laid up,
     - extra childcare,
     - groceries?
 

How can Critical Illness Insurance help me?

 

Critical Illnesses happen more often than you think. Learn more here.

 

Watch this video to learn more.

 

Policy Form Series SLA-CI11 may not be available in all states. The policy has exclusions and limitations. Benefits may vary by state.
This product is not available in AL, CA, CO, CT, DC, FL, GA, MA, MD, MN, OR, SD, VA, VT

 

1National Cancer Institute, “Childhood Cancers”. www.cancer.gov. n.d. Web. 6 Dec. 2011.

2i[2]y. I’m too young for this! Cancer Foundation. Stats & Facts. n.d. Web. 6 Dec. 2011.



 

Frequently Asked Questions

  • What are supplemental health plans?

    Supplemental health insurance is meant to work with your primary insurance plan to help pay some of the costs your primary plan doesn’t cover. It pays a fixed cash benefit and usually does not have copays or deductibles. If you’d like to know more, a Standard Life and Accident agent can help answer your questions. Call 888.290.1085, Mon.-Fri., 8:00 a.m. to 4:30 p.m. CST.

  • Are there different types of supplemental health plans?

    Yes. There are plans for specific diseases such as cancer and other critical illnesses; accidents, accidental death and dismemberment, or confinement to a hospital. These usually pay cash benefits in a lump sum.

    There are also limited benefit plans that pay predetermined benefit amounts for a variety of medical needs such as doctor visits, ER, diagnostic tests and x-rays. If you’d like to know more, a Standard Life and Accident agent can help answer your questions. Call 888.290.1085, Mon.-Fri., 8:00 a.m. to 4:30 p.m. CST.

  • What is Accident insurance and why should I consider purchasing an Accident plan?

    At some point, almost everyone will experience an accident. However, it’s the severity of the accident that will be different in each case. If you have an accident that requires medical attention, like a broken bone or a serious burn, you may need extra money for any number of unexpected expenses like an ER visit, renting crutches or even to hire someone to help with chores if you were temporarily disabled.

    Accident insurance pays preset benefits for covered accidents and there are usually no coinsurance or deductibles. You can use your benefits however you need them. They can even be used to help cover the coinsurance or deductibles from any other insurance plan you may have.

    If you’d like to know more, a friendly Standard Life and Accident agent can help answer your questions. Call 888.290.1085, Mon.-Fri., 8:00 a.m. to 4:30 p.m. CST.

  • Why should I consider purchasing an Accidental Death and Dismemberment (AD&D) plan?

    No one expects to lose eyesight or a limb or their life through an accident, but Accidental Death and Dismemberment insurance makes it possible to prepare financially for serious events like these. Many accident related expenses such as advanced rehabilitative and physical therapies, and non-medical costs such as normal living expenses, or deductibles and copays may not be covered under your primary medical insurance. The money from your AD&D plan can be used to help pay these costs or used in any way you choose.

    If you’d like to know more, a friendly Standard Life and Accident agent can help answer your questions. Call 888.290.1085, Mon.-Fri., 8:00 a.m. to 4:30 p.m. CST.

  • Can I be turned down for Accidental Death and Dismemberment Insurance?

    No. These plans are usually guaranteed issue so no one can be turned down. If you’d like to know more, a friendly Standard Life and Accident agent can help answer your questions. Call 888.290.1085, Mon.-Fri., 8:00 a.m. to 4:30 p.m. CST.

  • What is Limited Medical Insurance?

    Limited Medical Insurance* pays fixed benefit amounts for common medical expenses like doctor office visits, ER visits, diagnostic tests, x-rays, surgery and more. It also pays lump sums for serious illnesses like a cancer diagnosis and other critical illnesses or accidental death.

    If you have a high deductible major medical plan, the benefits from your limited benefit plan can be used to help pay deductibles or coinsurance.

    If you’d like to know more, a friendly Standard Life and Accident agent can help answer your questions. Call 888.290.1085, Mon.-Fri., 8:00 a.m. to 4:30 p.m. CST.

    *Limited Medical Insurance is not considered Minimum Essential Coverage under the Affordable Care Act (ACA) and you may be subject to tax penalties if you do not have some form of ACA compliant major medical coverage.

  • What is Short-Term Limited Medical Insurance?

    Short-Term Limited Medical Insurance* is temporary insurance that pays fixed benefits for common occurrences like doctor visits, X-rays, wellness visits and hospital stays. These plans are purchased on a month-to-month basis and provide limited benefit coverage for up to 12 months.

    Short-Term Limited Medical Insurance is not comprehensive medical coverage and is primarily intended for those who only need temporary coverage like college graduates seeking employment, those who are between jobs or have retired early and are waiting for Medicare benefits to begin.

    If you’d like to know more, a friendly Standard Life and Accident agent can help answer your questions. Call 888.290.1085, Mon.-Fri., 8:00 a.m. to 4:30 p.m. CST.

    *Short-Term Limited Medical Insurance is not considered Minimum Essential Coverage under the Affordable Care Act (ACA) and you may be subject to tax penalties if you do not have some form of ACA compliant major medical coverage.

  • What happens once my Short-Term policy ends?

    You can purchase another policy if your health has not changed and you qualify. However, any condition treated during the term of the previous policy will not be covered under the new policy if approved. If you’d like to know more, a friendly Standard Life and Accident agent can help answer your questions. Call 888.290.1085, Mon.-Fri., 8:00 a.m. to 4:30 p.m. CST.

  • Why should I purchase a Supplemental Cancer plan?

    Unfortunately, many primary health insurance policies do not cover all cancer related treatment and expenses. While some plans may help to cover the major aspects of cancer treatment, there are generally many day-to-day expenses that are not included in the plan.

    If you’d like to know more, a friendly Standard Life and Accident agent can help answer your questions. Call 888.290.1085, Mon.-Fri., 8:00 a.m. to 4:30 p.m. CST.

  • What is covered by a Supplemental Cancer plan?

    Supplemental Cancer plans cover expenses such as radiation and chemotherapy, hospital confinement, surgery and anesthesia, ambulance service and hospice stays. Some plans include benefits to help off-set the expense of drugs and medicine, and the cost of certain experimental treatment programs. If you’d like to know more, a friendly Standard Life and Accident agent can help answer your questions. Call 888.290.1085, Mon.-Fri., 8:00 a.m. to 4:30 p.m. CST.

  • What else is covered by a Supplemental Cancer plan?

    Transportation and lodging is an often overlooked expense that can quickly add up for cancer patients and their families. Some supplemental cancer plans offer benefits for ground and air transportation, and lodging necessary for treatment outside your home city. If you’d like to know more, a friendly Standard Life and Accident agent can help answer your questions. Call 888.290.1085, Mon.-Fri., 8:00 a.m. to 4:30 p.m. CST.

  • I have hospitalization covered under my primary health plan on my job. Why should I consider purchasing a Hospital Indemnity plan?

    If you have ever seen an itemized hospital bill you know how expensive hospital stays can be. From the fees of the doctors and specialists to the charges for individual aspirin, the cost of any item not covered by your insurance can quickly add up and is your responsibility. In some cases, hospital bills can take years to pay off. Hospital Indemnity coverage pays a daily benefit for each day you are confined that can be used to cover these costs.

  • What does Hospital Indemnity Insurance cover?

    Hospital indemnity insurance pays benefits if you are admitted to a hospital for a covered stay, plus a separate daily benefit for each day you are hospitalized. The plans also pay benefits for ambulance service and surgery. If you have a hospital stay of at least one day and then require rehabilitation, your plan will pay a daily benefit for treatment in a covered facility.*

    Your benefits will be paid directly to you unless you assign them to be paid to the hospital or rehabilitation facility, and you are free to use them however you choose. You may need help with out-of-pocket expenses like coinsurance and deductibles, and other costs not covered by your primary health insurance such as private room charges, travel and lodging expenses, childcare, and monthly bills like cell phones and other household expenses. Best of all, the plans pay in addition to any other insurance you may have including workers’ compensation.

    If you’d like to know more, a friendly Standard Life and Accident agent can help answer your questions. Call 888.290.1085, Mon.-Fri., 8:00 a.m. to 4:30 p.m. CST.

    *Subject to plan requirements and annual maximum limitations.

  • How do I file a claim? What is the address to file a claim?

    The address for filing a claim is located on the member’s ID card. If you do not have or cannot locate your ID card, simply mail a copy of your bills to the Claim Department, P.O. Box 10546, Springfield, MO 65808-0546. Be sure to write your plan number on your bills.

    For more information, contact the Health Claims Department at 800.899.6503.

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