Supplemental Critical Illness Insurance
Help Protect Your Finances After a Heart Attack, Stroke or Other Covered Critical Illness
A serious illness can create expenses beyond the medical bills. Supplemental critical-illness insurance may provide a lump-sum cash benefit following a covered diagnosis, subject to the policy’s terms, exclusions, waiting periods and carrier approval.
The broader financial picture
A serious illness can affect more than your medical bills
Health insurance may help with covered medical care, but families may still face other financial pressures. Depending on the policy and how benefits are paid, a cash benefit may help provide additional financial flexibility for these expenses. Not every expense is covered, and the actual policy controls.
Lost income
Time away from work may affect household income.
Medical cost sharing
Deductibles and other out-of-pocket medical costs may remain.
Travel and lodging
Receiving care away from home may create added costs.
Household help
Childcare or help at home may become necessary.
Regular bills
Mortgage, rent, utilities and normal household bills continue.
A straightforward concept
How Lump-Sum Critical Illness Coverage Works
Coverage is subject to application questions and carrier approval. Policy definitions must be met, and waiting periods, exclusions and limitations may apply.
Choose an available benefit amount
Review available lump-sum benefit amounts based on your needs and budget.
Complete the application
Application and underwriting requirements vary by policy and carrier.
Coverage is reviewed by the carrier
The carrier determines eligibility, approval and applicable premium.
A benefit may be payable following a covered diagnosis
Policy definitions and claim requirements must be satisfied before a benefit may be payable.
The policy controls whether and how a benefit is paid, including covered conditions, definitions, exclusions, limitations and waiting periods. Critical-illness insurance supplements rather than replaces major medical insurance or Medicare.
Coverage examples
Examples of Conditions a Policy May Cover
A diagnosis alone does not guarantee payment. Policy definitions and all applicable requirements must be satisfied.
Heart Attack
A benefit may be payable following a heart attack that satisfies the policy’s medical definition and other applicable requirements.
Stroke
A benefit may be payable following a stroke that meets the policy’s definition, documentation requirements and other applicable conditions.
Other Covered Critical Illnesses
Additional covered conditions may be available depending on the policy selected. Covered conditions, benefit percentages and definitions vary by carrier and policy.
Reasons to compare
Why People Consider Critical Illness Insurance
Financial Flexibility
A qualifying cash benefit may provide additional flexibility during treatment and recovery.
Works Alongside Health Coverage
The policy supplements rather than replaces health insurance or Medicare.
Benefit Amount Choices
Available benefit amounts and premiums depend on the policy, age, state, coverage type and underwriting.
Personal Guidance
Mike Surrano can help you review available options and understand how the coverage works. Application and underwriting requirements vary by policy and carrier.
Personal guidance
Get Help Understanding Your Options
Mike Surrano is a licensed insurance agent with Your Insurance Coach. He can help you review available critical-illness coverage options, compare benefit amounts and understand important policy limitations before you apply.
A personal review
Review Your Critical Illness Coverage Options
Share a few details or speak with Mike to review available options. Submitting an inquiry does not guarantee eligibility, coverage or benefit payment.
Application, underwriting and policy requirements vary. A licensed agent can help explain the available next steps.
Speak with a licensed agent
Call or Text 469-437-4947Clear answers
Frequently Asked Questions
Is critical-illness insurance major medical insurance?
No. Critical-illness insurance is supplemental coverage. It does not replace major medical insurance, Medicare or other comprehensive health coverage.
Does it replace Medicare or health insurance?
No. It is designed to work alongside existing health coverage and may provide a separate benefit following a covered diagnosis.
How is a critical-illness benefit paid?
Benefit-payment rules vary by policy. A lump-sum benefit may be payable when a covered diagnosis meets the policy’s definitions and claim requirements.
Can the money help with nonmedical expenses?
Depending on the policy and how the benefit is paid, the benefit may provide financial flexibility for household or nonmedical expenses. The policy controls all benefit-payment terms.
Is every diagnosis covered?
No. Covered conditions, definitions, waiting periods, exclusions and limitations vary by policy. A diagnosis must satisfy the applicable policy requirements.
Is coverage guaranteed?
No. Eligibility and approval are determined by the insurance carrier based on the application and applicable underwriting requirements.
Is a medical exam required?
Application and underwriting requirements vary by policy and carrier. Some applications may use health questions or other underwriting information.
How much coverage can I choose?
Available benefit amounts vary by policy, state, age and carrier. Mike can help you review the available choices.
Personal guidance
Get Help Reviewing Critical Illness Coverage
Review available options with Mike Surrano, a licensed insurance agent at Your Insurance Coach.
Critical-illness insurance is supplemental insurance and is not a substitute for major medical insurance or Medicare. Coverage, benefits, exclusions, limitations, waiting periods and underwriting requirements vary by policy and carrier. Availability may vary by state. Submitting an inquiry does not guarantee eligibility, approval or coverage.