Financial Protection for Life-Changing Diagnoses
A major illness brings more than just medical challenges—it affects every part of a person’s life, from their income to their peace of mind. Group critical illness insurance offers your employees financial protection when they need it most. If an employee is diagnosed with a covered condition like cancer, heart attack, or stroke, they receive a one-time, lump-sum payment they can use however they choose. Whether it’s covering treatment costs, paying bills during time off work, or funding travel to a specialist, this benefit empowers employees to focus on healing instead of worrying about money. We help Southern Illinois businesses add this impactful, voluntary benefit to their offerings with flexible plan options and straightforward enrollment.
What Is Critical Illness Insurance?
Critical illness insurance pays a tax-free lump-sum benefit directly to the insured after a covered diagnosis. It’s designed to reduce the financial strain that often accompanies serious health events. The payment can be used for hospital bills, home modifications, in-home care, alternative treatments, or everyday needs like rent, groceries, or transportation. Some plans also offer coverage for recurring conditions or multiple claims. Because it’s paid in cash with no restrictions, this coverage offers true flexibility and freedom when families need it most. Adding critical illness insurance to your benefits portfolio can help your team feel more protected and cared for—especially in times of crisis.
Why It Matters
Major illnesses come with more than just hospital bills. This benefit provides extra financial stability so your team can focus on healing.
Coverage Highlights
Lump-Sum Benefit
Pays a one-time, tax-free payment directly to the employee after diagnosis.
Multiple Conditions Covered
Includes cancer, heart attack, stroke, organ failure, and more.
Use Funds However Needed
Money can go toward treatments, living costs, or anything that eases the financial burden.
Critical Illness FAQs
Can employees keep this coverage if they leave?
Some policies have a 30-day waiting period after enrollment.
Can employees add family members?
No. It supplements by giving extra funds during recovery.
What if someone gets sick again?
Yes, such as pre-existing condition limitations. We’ll walk you through the details.
What if the illness recurs?
Usually not. Benefits are typically paid tax-free.