Why do most people purchase Critical Illness policies?

We hear the same two reasons time and again. First, in times of critical need, people want access to the best healthcare money can buy (in or out of Network) and second, they want to be worry free about financial exposure should the unexpected happen.

I have disability insurance, isn’t that enough?

Disability is important, but it is not the total solution for three reasons. First, the insured receives only a portion of income replacement, usually about 50 - 60 %. Second, you may need access to more money than you realize to help pay for the non-medical expenses (the "hidden costs") and third, if you are a single person, how long could you continue to pay your bills on half-a-paycheck without having to withdraw savings?

Our family is a two income household – is Critical Illness protection important for us?

Yes, critical illness is important to include in your family's insurance portfolio. According to a 1992 research study released by the University of Michigan College of Nursing, "the average family can spend as much as $20,000 in just three months to care for a cancer patient at home". (Ask yourself. How much more have these costs increased in the twelve years since the original study). Another important reason (aside from the non-covered medical and indirect expenses) is that the healthy spouse typically takes time away from their work to care for the sick spouse; this too can result in a significant loss of household income. The critical illness cash benefit can go a long way to eliminate this financial problem.

How much protection should I own?

As a rule of thumb you may consider purchasing a benefit that will replace at least one year annual income. However, you are free to select any benefit above or below annual income that you feel meets your needs. What’s most important is affordability; select what you can comfortably afford to keep.

If I am diagnosed, how can the money be used?

The benefit from the plan is paid directly to you in one lump sum check. There are no restrictions placed on how you can use the money. If you need cash to pay household bills, non-covered medical expenses, travel expenses, etc., the list is endless. The bottom line is, the money is yours to use whenever and however you need it.

I am a young single person, is Critical Illness coverage important for me?

Yes. As you probably know, the critical illness conditions covered under the plan can strike at any age regardless of sex, race, location, lifestyle, and so on. While youth has its advantages regarding illness, go to any hospital and see for yourself the surprising numbers of children and young people being treated for these conditions. They never thought it would happen to them either.

I already own a cancer protection plan, will this plan pay also?

Yes. Critical illness plans will pay full benefits directly to you regardless of any other insurance you may own. There are no restrictions as to how many or what types of other plans you own.

If I move to another state, is my coverage still in force?

Yes. Once you’ve purchased the coverage your policy covers you in all of the 50 States.

What are the methods for paying the premium?

You can pay the premium in one of several ways. They include monthly, quarterly, semi-annually or annually - Or (payroll deduction for groups). If you select monthly, you may have your Bank, Credit Union, etc. electronically send your premium each month (on a date specified by you) directly to the insurance company. If you select quarterly, semi-annual or annual, the insurance company will send you a premium statement.

Can this plan be offered through my company on payroll deduction?

Yes, the plan can be offered through payroll deduction upon approval from your Benefits Dept. As a matter of fact, we find the majority of companies we speak with are very interested in offering the critical illness program for their employees. If you would like to have our representative contact you firm, please go to the Contact Us section of this website and provide us with the name of the Company, benefits manager or HR person we should contact and their phone number.

I have a question that is not covered here, how can I get the answer?

Please call our customer service department directly at 800-795-1787 between 9am and 5pm EST or email us at info@lifecrisis.com. For e-mail inquiries, we will respond to your question within 24 hours. Be sure to include your e-mail address or phone number with the best time for us to contact you with our response.