Integrate Critical Illness with Your Disability Income Case Design
With steadily and rapidly increasing health insurance premiums today’s consumers and employers have adapted as best they can. The usual result is more out of pocket expenses for individuals in the form of higher deductibles and co-pays.
This has become a necessity to keep premiums as affordable as possible. It’s not unusual today to see health insurance deductibles of $5,000, $7,500, or even $10,000.
The government attempt to soften the blow for tax payers has been the advent of HSA (Health Spending Accounts) plans. These are a combination of a High Deductible Health Plan (HDHP) and a separate custodial savings account for future medical expenses.
With or without an HSA plan, a serious medical issue could result in a crippling out of pocket expense costing thousands of dollars. This would financially decimate many people.
Our team has a very affordable solution to this very serious problem and risk in the form of the new critical illness rider.
This benefit will pay a lump sum payment up to $50,000 in the event of certain medical conditions such as cancer, heart attack, stoke, and up to 12 additional major sicknesses. There is no need to satisfy the elimination period to qualify for benefits.
It can be issued on express issue basis on our Short-Term Disability Income (DI) products, and is available on our Long-Term DI plans too. The value is high and the premiums are low. People recognize their exposure and will be glad you offered them a solution!
Please contact the your Disability Income Specialist for more details and a case design, customized to your client’s needs.