Critical Illness insurance provides a lump-sum cash payment upon diagnosis of conditions such as Cancer, Heart Attack, Stroke, Kidney Failure and Major Organ Transplant, with the insured able to use the funds freely. It can be offered as a standalone product (individual, worksite or group basis) or as a rider to a Life, Health, Disability or Long Term Care policy, offering a secondary pool of benefits on top of the underlying insurance benefit.
We understand the struggle that companies new to the product will face with developing a training program and educating their producers and employees - so our CI Complete solution provides resources and tools for product development, pricing, underwriting and marketing.
Our blogs talk about the opportunities, trends and risks associated with CI insurance. Here are links to our blog series: