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    Critical Illness

    Facing a life-threatening illness is devastating to employees and their families. More and more Americans are outliving cancer, stroke, heart disease and other critical illnesses. While we enjoy the benefits of modern medicine, surviving a critical illness places additional financial demands on a family. Disability helps to replace a paycheck, but what about the additional expenses that often accompany such major illness?

    Some 1.4 million Americans were diagnosed with cancer last year. American men and women have a 2 in 3 chance of living at least five years after a cancer diagnosis – AACII, 2010

    Reliance Standard’s Voluntary Group Critical Illness insurance provides a fixed, lump-sum benefit when critical illness strikes. This includes heart attack, stroke, paralysis and more. The VCI plan offers employers a valuable benefit at no direct cost and offers employees an excellent opportunity to purchase valuable coverage in increments that are right for their family, through convenient payroll deduction.

    These benefits are paid directly to the insured and may be used for any reason, from deductibles and prescriptions to transportation and child care.

     

    View our short video that answers questions you or your employees may have about Voluntary Critical Illness insurance.

     

    Group Critical Illness Plan Highlights

    • Choice of Basic or Enhanced plans
    • Coverage from $5,000 to $50,000 for employees and spouses
    • Dependent coverage is available
    • Lifetime maximum benefit per category
    • Subsequent occurrence benefit
    • Recurrence benefit
    • FMLA/MSLA continuation
    • Portability
    • Tobacco user/non-tobacco user rates available
    • Wellness (Health Screening) benefit
    • HSA compliant plan design available
    • May be purchased as 100% employee paid or contributory

    Basic/Enhanced Plans

    The basic critical illness plan provides coverage for such critical illnesses as life-threatening cancer, heart attack, stroke, kidney (renal) failure, and major organ transplant. The enhanced critical illness plan includes coverage for all critical illnesses included in the basic plan, with the addition of ruptured cerebral, carotid or aortic aneurysm, blindness, coma, paralysis and severe brain damage.

    Lifetime Maximum Benefit per Category

    The critical illnesses covered under the basic and enhanced plans are divided into three different categories:

    Category 1 Cancer
    Category 2 Cardiovascular
    Category 3 Other

    The policy is designed to provide benefits up to 200% in each of the three categories. An insured individual could potentially receive six times the elected benefit amount.

    Subsequent Occurrence Benefit

    If an unrelated critical illness in a different category is diagnosed six months (standard) or later than the prior critical illness, Reliance Standard will pay 100% of the benefit amount.

    Recurrence Benefit

    If a critical illness in the same category is diagnosed 18 months (standard) or later than the prior critical illness, Reliance Standard will pay 50% of the benefit amount.

    Wellness (Health Screening) Benefit

    A wellness benefit of $50 will be paid per 12 months for one health screening test per covered insured (one for all dependent children). Breast ultrasound or mammography, blood test for lipids (LDL, HDL and triglycerides), chest x-ray, colonoscopy and pap smear are examples.

    For Additional Information:
    Your Guide to Understanding Critical Illness Insurance