Critical illness source list

Transcription

1 Aflac AIG Domestic Accident & Health, AIG Commercial Insurance Critical illness source list Specified Health Event except Massachusetts, New York, Vermont and Washington 3 employees payroll/18-64 direct benefits are indemnity and paid to the policyholder directly, unless assigned otherwise. First-Occurrence Benefit: $5,000 primary/spouse, $7,500 child. Only issue age restrictions Field underwritten, total of 10 questions. Group Critical Illness except Connecticut, Montana, New York, Vermont and Washington 10 lives years. Lump sum is payable directly to the insured upon diagnosis with one of 14 conditions. Lump sum is payable for first diagnosis. Policy terminates at age 70. Benefit amount is reduced by 50% when insureds reach 65 years age. Guaranteed Issue benefit amount is $10,000. Amounts above that require Yes/No answers to several health questions (Simplified Issue). AIG Employee Benefit Solutions state Workplace Division AIG Group CriticalCare Insurance except Connecticut, Minnesota, New York and Washington 10 enrolled employees (state variations apply) Employee and Spouse: age 18 to 69; Children: Under 19, to 23 if full-time student Lump-sum benefits payable to the employee: First diagnosis: payable upon initial covered diagnosis. Additionial diagnosis: payable upon the diagnosis of subsequent covered critical illness for which benefits have not been paid. Benefit payments vary by plan. Benefit reduces to 50% of the original face amount at age 70; coverage terminates at age 75 (Not applicable in Georgia) Benefits are subject to the terms, conditions, and exclusions of the AIG Group CriticalCare insurance policy. State variations may apply. Benefits under this policy are not payable in connection with a preexisting condition during the initial 12 consecutive months the insured person has been enrolled. New Lifeline Critical Illness except Connecticut, Maryland, New Hampshire, New York, Vermont and Washington None (Five apps. for payroll deduction) 18+ payroll only Lump sum paid directly to policyolder at diagnosis. Can be assigned. Premium age banded at issue. Uni-sex, Tobacco/Non-tobacco. Composite rating also available. No decrease in benefit due to age. Multiple deduction modes available and electronic billing for employer. If family or single parent coveraged selected, all children within a family are covered (subject to age limits) at no additional premium per child. apply for age-banded rates. 12 month pre-existing (varies); Guaranteed Issue if participation requirements met on initial enrollment, otherwise msut provide EOI. Three levels of underwriting depending on benefit level. CAIC Critical Illness except Colorado, Connecticut, Minnesota, New Hampshire, North Dakota, Rhode Island and Washington 25 Payors Lump Sum Payment Upon Diagnosis $5,000- $50,000 Benefits Reduce at age 70 3 Underwriting Questions asked. Guarantee Issue available with certain requirements. BenefitsSellingMag.com September 2008 Benefits Selling 83

2 Century Benefits Group Medicare Plans California, Connecticut, Florida, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, South Carolina, Tennessee and Texas 2 64 and up Direct Direct n/a None Colonial Life & Accident Insurance Co. coloniallife.com Critical Illness except Connecticut (in most states) Idemnity, lump sum $5,000 - $50,000 ($1,000 increments) employee choice Benefit payment will reduce by 50% at age 75 $5,000 - $30,000-3 health questions including AIDS question $31,000 - $50,000-2 additional question. If cancer option chosen - 2 additional health questions Colorado Bankers Life Insurance Co. cbl-life.com The Timber Ridge Series of Critical Illness Insurance Plans except Connecticut, New York and Vermont Lump Sum & Partial Benefits Face Amounts $10,000 - $250,000 Premiums modes - weekly, biweekly, semimonthly, quaterly, semiannual and annual None History of cancer, heart diesease and insulin dependent. Diabetes not accepted. Conseco Insurance Co Conseco Worksite Critical Illness except California, Connecticut, Florida, Georgia, Idaho, Illinois, Maryland, Massachusetts, Minnesota, Mississippi, New Hampshire, New Jersey, New York, North Carolina, North Dakota, South Dakota, Tennessee, Vermont and Washington Upon diagnois of a covered critical illness Lump-sum payments up to $70,000 None No coverage for pre-existing conditions within a 12-month period preceding the effective date of coverage. 84 Benefits Selling September 2008 BenefitsSellingMag.com

3 EMC National Life Co Worksite Critical Illness 3.0 (v2.0 or 1.0 in some states) except Connecticut, Delaware, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania and Vermont Three Policy provides a lump-sum cash benefit upon diagnosis of a covered condition. Available though payroll deduction. Policy expires at age 70. Applicant is subject to underwriting approval (simplified issue) Equitable Life & Casualty Life Guard except Alaska, California, Connecticut, Delaware, D.C., Florida, Georgia, Hawaii, Idaho, Louisiana, Maine, Maryland, Massachusetts, Minnesota, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, South Dakota, Vermont, Virginia, Washington and Wisconsin N/A Upon first diagnosis, pays a lump sum benefit directly to the policyowner for any purpose they wish. Continuous pay Benefits reduce by 50% at age 65, or 5 years after purchase for applicants age 60 and older. If ever treated for any of the following a policy will not be issued: heart disease, heart bypass surgery, heart attack, stroke, TIA, internal cancer, mailignant melanoma, lymphoma, leukemia, Hodgkin's disease, systemic lupus, Huntington's chorea, Lou Gehrig's disease, paraplegia/quadraplegia, multiple sclerosis, Crohn s disease, elcerative colitis, kidney failure, HIV, AIDS or AIDS-relates complex and alcohol/drug abuse. Fort Dearborn Life Insurance Company Critical illness except California, Connecticut, Georgia, Idaho, Iowa,, Kentucky,, Minnesota, New Hampshire, New York, South Carolina and Washington Limited Benefit Policy; the benefit is paid as a one-time, lump sum if the insured undergoes a covered Organ Transplant or is first diagnosed with a Heart Attack, Stroke, Life-Threatening Cancer, or Kidney Failure $5,000 increments up to $50,000 Benefits reduce: age % of benefit; age 75-45% of benefit; age 80-30% of benefit; age 85-15% of benefit. Yes.. Guardian Life Critical Illness Alabama, Alaska, Arizona, Arkansas, Colorado, Delaware, D.C., Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Missouri, Nebraska, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Texas, Wisconsin and Wyoming 16 We use attained age rating Lump Sum Customized plans. Lump sum payments can reange from $5,000 to $50,000 Benefit reductions (but not exclusions) as age progresses Guarantee Issue for 50+ lives, Simplified Underwriting to $25K, CI for less 86 Benefits Selling September 2008 BenefitsSellingMag.com

4 Harbor Insurance Marketing Inc Simplified Critical Illness except Connecticut, Maryland, New Hampshire, New Jersey, Virginia and Washington Minimum for list-billing is three 18 through 59 (age last birthday) The benefit payment goes directly to you and may be used for anything you wish (e.g., medical bills, mortgage or credit card payments, travel, experimental treatments, etc.) Annual, semi-annual, quarterly, monthly bank draft and list bill Guaranteed to age 75 Coverage begins immediately for all conditions in Category IIand Category III. Category I has a waiting period. Harbor Insurance Marketing Inc Critical Illness+ except Florida, Massachusetts, Minnesota, New York and Vermont Lump-sum payment to insured at diagnosis of covered illness or procedure. The first premium is due on the issue date. Premiums will include rider premiums, if any. Premiums paid after the first premium are renewal premiums. See issue ages and renewal provisions. Company will not pay benefits for a specified critical illness caused by a preexisting condition unless the specified critical illness starts after the policy has been in force for 12 months from the issue date. HealthPlan Services Group and Individual Critical Illness except Connecticut, Massachusetts, New Jersey and New York may vary by state Directly to insured n/a Reduction of benefits at age 70 Varies per state and group size Humana Specialty Benefits kmgamerica.com , ext Critical Advantage Alabama Arizona, Arkansas, Colorado, Delaware, D.C., Georgia, Hawaii, Illinois, Iowa, Kansas, Louisiana, Massachusetts, Michigan, Mississippi, Missouri, Nebraska, North Carolina, Ohio, Oklahoma, Rhode Island, South Carolina, South Dakota, Texas, Virginia, West Virginia, Wisconsin and Wyoming lump sum benefit Up to $50,000 May apply to some of the optional benefits 12-month waiting period for pre-existing conditions. 88 Benefits Selling September 2008 BenefitsSellingMag.com

5 Innovative Settlements, formerly Fiedler Financial Viatical Settlements, Life Settlements 1 person any Tax Free - see below We arrange payments to life insurance policy sellers for the sale of their policy None Must have a short life expectancy (24 months) Metropolitan Life Insurance Critical Illness Insurance except Connecticut, Florida and Washington 1,000 True Group Coverage, therefore all ages as long as employee is actively at work Lump sum $1,000 - $100,000 None Underwriting varies by plan offering MHN Inc EAP and Managed Behavioral Healthcare 50 Depends on plan Depends on plan None None The Critical Illness Coach Critical Illness Plus Can be accessed after a diagnosis of any of 12 conditions. Tax-free $$, sent to the policyholder, does not coordinate with any other health insurance coverage Underwriting is required, Critical Illness coverage may also be added as a rider to Accident Expense Plus too, (where available)and then requires answering only 3 medical questions on App. This is an individual product tho, NOT a group product. 90 Benefits Selling September 2008 BenefitsSellingMag.com

6 Transamerica Worksite Marketing TRANSAMERICA CriticalAssistance Plus except Connecticut, Florida, Georgia, Indiana, Maryland, Massachusetts, Minnesota, Montana, New Jersey, New York, Tennessee, Utah and Vermont 5 applications; GI down to and up (may vary by states) Directly to insured Payroll deduction apply; Must be actively at work No benefits are provided during the first 12 months for any critical illness that has been diagnosed, treated, or for which the covered person has incurred expense or has taken medication within 12 months prior to the effective date of such personís coverage Trustmark Insurance Critical Illness except Connecticut 100 eligible employees Employee/Spouse ages Child ages 0-23 Lump sum Upon first diagnosis of a covered condition No benefit reduction at any age Contact carrier United American Insurance Co HealthGuard except Connecticut, Kentucky, Massachusetts, Minnesota, Montana, New Hampshire, New Jersey, New York and South Dakota One Time Lump Sum For Fist Diagnosis $10,000; 20,000; 30,000; 40,000 or 50,000. Benefits reduced 50% at age 65 This Policy Does Not Cover: Any disease or injury involving the cardiovascular system except heart attack and stroke, transient Ischemic Attack, attacks of Vertebrobasilar Ischemia, Cerebral Symptoms due to Migraine ; Cerebral Injury Resulting from Trauma or Hypoxia; Vascular disease affecting the eye or optic nerve Unum Group Specified Critical Illness Insurance except Connecticut 25 lives conditions payable at 100% of the benefit amount except coronary artery bypass and carcinoma in situ which are payable at 25%percent. 100% of the benefit payable each for base conditions and cancer conditions Benefits reduce by age health questions required to qualify for coverage 92 Benefits Selling September 2008 BenefitsSellingMag.com