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Critical Illness Insurance Flyer (The Standard)
Critical illness insurance is guaranteed issue. It is a type of supplemental health insurance designed to provide financial support if you or your family members are diagnosed with a serious illness. Here are some key points:
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Coverage: It typically covers illnesses such as cancer, heart attacks, strokes, and other severe conditions.
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Payout: If you or your family members are diagnosed with a covered illness, the insurance pays out a lump sum. This money can be used for any purpose, such as medical bills, mortgage payments, or daily living expenses.
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Purpose: The main goal is to offer a financial safety net to help manage the high costs associated with critical illnesses, which might not be fully covered by the PPO or HDHP insurance.
NEW FOR 2025
Beginning on Jan. 1, 2025, the critical illness plan that was previously offered by Colonial Life was replaced with a new and improved plan from The Standard.
