Why Do Employees Need Critical Illness Insurance?
Surviving a major illness is only part of the battle. Paying for treatment along with all the other bills that don't stop while a person is sick are another matter altogether.
Primary insurance alone doesn’t cover every expense, and with some medications that cost upwards of $10,000 a month3, the copays alone can range into $1,000s of dollars. In addition to expected costs like copays and deductibles, there are the day-to-day living expenses like mortgage, rent, car payments, credit card bills and other monthly expenses that need to be met. And if a person is unable to work because of the illness, the loss of income could be potentially devastating. Critical illness insurance pays a cash, lump sum benefit that can be used for all these things and more.
Just knowing that there is money available that can be used for any possible need is priceless to any person who has suffered a traumatic illness. Not having the worry over how to pay the bills is a great benefit to the recovery process. Critical illness insurance is insurance that provides relief for the living after the illness.
Policy Form Series SLA-CI11-GEP may not be available in all states.
The policy has exclusions and limitations. Benefits may vary by state.
This product is not available in AK, CO, CT, HI, MA, MD, ME, MN, ND, NH, NJ, NY, VT, WA
3How Cancer Drugs Doubled to $10,000 per Month, https://www.cbsnews.com/news/how-cancer-drugs-doubled-to-10000-per-month.