Specified Disease Insurance for Critical Illness
You don't plan to be diagnosed with cancer or any other major illness. But what would you do if this happened? Our Specified Disease Insurance for Critical Illness is designed to supplement your major medical coverage, to help you with the high costs of treatment for a serious illness.
Our Specified Disease insurance helps you take the next step after diagnosis with comfort and reassurance. It pays a percentage of the policy face amount upon diagnosis of a covered specified disease, and you can use these benefits to help pay the out-of-pocket expenses related to the treatment of your illness.
Benefits from our Specified Disease plan can help you pay the following types of out-of-pocket expenses:
- Home health care or caregivers you may require.
- Home or automobile modifications.
- Mortgage, utility bills and other everyday living expenses.
- Travel costs to and from treatment centers
Our Specified Disease insurance offers you supplemental benefits if you are diagnosed with the one of the following illnesses:
- Invasive cancer
- Heart Attack (myocardial infarction)
- Stroke
- Major Organ Transplant
- End Stage Renal Failure
- Coronary Artery Disease
- Carcinoma In Situ
- Skin Cancer
This Specified Disease insurance plan provides the following features:
- Flexible coverage amounts so that you can choose the benefit amount that best suits your needs.
- Benefits are paid directly to you unless you specify otherwise, and benefits are paid regardless of any other insurance you may have with other insurance companies.
- An annual preventive health screening benefit will be paid to you if you have one of the covered health screening tests.
- Portability, which means if you change jobs or retire, you can take this plan with you.
- Coverage is available for your spouse.
- This plan is guaranteed renewable as long as premiums are paid when due. Premiums are affordable and will not increase because you get older.
Products are underwritten by The Paul Revere Life Insurance Company.
Policies have exclusions and limitations that may affect benefits payable. For cost and complete details, please see your benefits representative.
Policies are guaranteed renewable, as defined by the policy, as long as premiums are paid when due or within the grace period.
This policy (CI-WC-NY-PR or CI-W-NY-PR) provides limited benefits health insurance only. It does NOT provide basic hospital, basic medical or major medical insurance as defined by the New York State Insurance Department. The expected benefit ratio for the Specified Disease for Critical Illness policy is 60%. This ratio is the portion of future premiums which the Company expects to return as benefits when averaged over all the people who have this policy.
