A serious diagnosis brings bills your medical plan doesn’t touch: lost pay, travel to a specialist, a spouse taking time off to help. Critical illness insurance from Reliance Standard pays you a lump sum when you’re diagnosed with a covered condition, and the money is yours to use however you need.
What’s covered
- Heart attack, stroke, life-threatening cancer and major organ failure: 100% of your benefit amount
- Coronary artery disease: 25%
- Skin cancer: 5%
If the same condition comes back, or you’re diagnosed with a different covered condition later, the plan can pay again. There’s no waiting period, no pre-existing condition limit and no reduction in benefits as you get older. Each covered person also gets a $100 wellness benefit once a year for a routine health screening.
How much coverage you can get
- You: $5,000, $10,000, $15,000 or $20,000
- Your spouse or domestic partner: $5,000 or $10,000
- Your children: covered automatically at half of your amount, up to $10,000
You have to enroll yourself to cover your family. All of these amounts are guaranteed, with no health questions.
Example
Donna had a $20,000 benefit. She had a heart attack, then a stroke a month later, and both she and her husband missed work while she recovered. The plan paid her $40,000: $20,000 for each diagnosis.
What it costs
Premiums are paid after taxes and depend on your age, the amount you choose and whether you use tobacco. For example, $10,000 of coverage costs $1.25 per paycheck for a non-tobacco user age 35 to 39, and $3.05 at age 50 to 54. The full rate table is in the coverage document below.
