The reality is, even if you have major medical or disability insurance, a serious illness likely will strain your finances. Whether it’s the “big C,” a kidney transplant, stroke, or even a chronic condition like Alzheimer’s disease, SGIC’s Critical Illness Insurance pays you a lump sum benefit to use however you need it.
- Choose up to $150,000 in lump sum benefit per critical illness paid directly to you
- Helps pay medical, daily living, or travel expenses
- Covers the most common critical illnesses: cancer, heart attack, and stroke, as well as assistance with Activities of Daily Living and Alzheimer’s disease.
Who it’s for:
- Someone who wants to limit their financial exposure to significant medical expenses associated with treating a critical illness or chronic condition
- Families with one stay at-home spouse unable to buy disability income replacement insurance
- Single working parents who cannot afford to be “out of commission” for any length of time
- Someone who wants the flexibility of choosing their doctors and treatment options when facing a catastrophic illness
- Someone who doesn’t maintain an emergency medical fund or health savings account
- Someone who does not want to buy traditional Long Term Care insurance, but wants to have extra money and flexibility in the event Alzheimer’s or an ADL dependency should arise
- Heart attack
- Kidney failure
- Coronary artery bypass surgery
- Coronary angioplasty surgery
- Major organ transplant
- Alzheimer’s disease
- Activities of Daily Living (ADL) dependency
The information presented above is a brief description of the important features of this insurance plan. It is not an insurance contract. Actual benefits are determined by the terms and conditions of your policy and certificate alone. The plan described here does not constitute comprehensive health insurance (often referred to as “major medical coverage”) and does not satisfy a person’s individual obligation to secure the requirement of minimum essential coverage under the Affordable Care Act (ACA). For more information about the ACA, please refer to www.HealthCare.gov.