Critical illness insurance, which is offered through Colonial Life, provides a lump-sum benefit to help cover the following if you or a family member suffer a heart attack, stroke, or other illness:
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Deductibles, co-insurance, and out-of-pocket expenses
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Lost income
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Home health care needs
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Rehabilitation
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Travel and lodging
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Child care
This product is Guarantee Issue and pays the insured a lump sum benefit in the event that the insured has a covered critical illness. The covered Illnesses include but are not limited to heart attack, stroke and major organ failure.
The benefit amounts employees can choose from are $10,000 or $30,000. The benefit is paid directly to the insured and can be used for medical or non-medical related expenses one might encounter as a result of going thru one of the covered medical events.
The policy can be purchased for employee, employee plus spouse, one parent family or two-parent family. This coverage includes a 12-month, pre-existing conditions clause.
For more information
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Contact the Premier Worksite Solutions Benefit Counselor Call Center at (844) 235-0092 for questions and/or to enroll in this coverage, or
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Contact Jodi Skaggs with Premier Worksite Solutions for questions at jskaggs@pwsal.com or (205) 588-2604.
