This section provides information on Critical Illness Insurance. The insured does not have to be terminally ill to receive benefits. The illness or condition must meet the policy/certificate provisions.
Nearly all of us know someone who understands first-hand the challenges a critical illness poses.
A friend who was diagnosed with cancer. . . a co-worker who had a heart attack . . . a loved one who suffered a stroke. And while the odds of surviving a critical illness have never been better, survival has a price.
Medical treatment has never been more advanced, but itýs also never been more expensive. Patients today receive better care, but they often experience financial hardship because of the many expenses their insurance does not cover.
Expenses like:
Child care
Time away from work (possibly for spouse as well)
Domestic help like cooking, cleaning, laundry and lawn maintenance
Necessary home modifications
Transportation and lodging costs to seek the best treatment
In the past, people have had to come up with the money to cover expenses like these on their own. Traditional products like major medical and disability insurance, while important, are not designed to meet needs such as these. Critical Illness Insurance has been designed to pay you when you experience an unexpected critical illness or condition.
Critical illness insurance pays an up-front cash benefit upon diagnosis (as defined by the policy/certificate) of a covered critical illness. And best of all, how you use the money is completely up to you. Pay off your mortgage . . . hire some help around the house . . . take your family on vacation so you can spend some time together. Whatever you feel is most important. You decide.
Critical Illness Insurance can:
help you afford the best medical care
help you take time away from your business
allow your family to spend time together in a way they hadn't been able to for a long time
provide funds to pay for your bills; allowing you to focus on recovery
Make sure the future you have planned is protected from the financial threat critical illness poses
Your Christco consultant can help you determine how much Critical Illness insurance you need. Critical Illness insurance is available as an independent benefit or as part of a Life Insurance Policy. When the Life Insurance option is selected, the face amount of the policy is reduced by the critical illness withdrawal amount. Complete benefits, exceptions and limitations are provided in the policy/certificate and summary or outline of coverage.
Examples of Critical Illness and Conditions:
Heart Attack(myocardial infarction)when your:
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Heart's blood supply is blocked;
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Heart has permanent tissue death and scarring and
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Diagnosis is based on new changes in your electrocardiogram (ECG or EKG) and blood tests.
Life-Threatening Cancer when your cancer is:
Malignant; and
Growing uncontrollably outside its original area invading normal tissue.
Stroke
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A blood vessel ruptures in the brain; or
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A blood clot blocks blood flow through the brain; and
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Effects of the neurological injury last for at least 30 days
Alzheimer's Disease when your neurologist diagnoses you with the advanced state of Alzheimer's in which you:
Require permanent daily supervision; and
Cannot do three or more activities of daily living by yourself.
Note: Some policies/certificates consider you as chronically ill if you have a permanent and total disability that prevents you from either performing two of six Activities of Daily Living (bathing, continence, dressing, eating, toileting and transferring) without assistance for at least 90 days; or needing substantial supervision due to severe cognitive impairment.
Major organ Transplant when:
There is clinical evidence of major organ failure;
Your malfunctioning organ(s) or tissue must be replaced with a suitable donorýs organ(s) or tissue, and
You are registered with the United Network of Organ Sharing (UNOS).
Additional Condition Benefits:
Multiple Sclerosis
Blindness
Paralysis
Deafness
Kidney failure
Reduced Benefits may be available for:**
First-Ever Coronary Artery Bypass Surgery
First-Ever Coronary Angioplasty
First Carcinoma in Situ when tumor is malignant; and has not spread.
**Note Limitations apply to the reduced benefit conditions and will be described in the policy/certificate.
Exclusion Examples:
Intentionally self inflicted injury, while sane or insane;
The use or intake of any drug, intoxicant or narcotic, other than as prescribed and administered by or in accordance with the instruction of a Legally Qualified Physician;
committing or attempting to commit a felony;
loss resulting from, or service in the armed forces or auxiliary units;
while engaging in an illegal occupation; or
participating in a riot or insurrection.
No benefits are payable for any medical conditions or surgical treatments other than the Critical Illness Insured Conditions defined in the policy/certificate. Policy/certificate will define exclusions and limitations Policy/certificate may provide optional benefits at additional costs.
Request additional information
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CHRISTCO INVESTMENTS & ASSOCIATES
P. O. BOX 218056 | HOUSTON, TX 77218-8056
Local Phone 281) 493-4089
Toll Free 866-863-4835
Fax (281) 493-9838
Local Address: 3523 Hornbeam Drive
Houston, TX 77082 |
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This web site may contain concepts that have legal, accounting and tax implications. It is not intended to provide legal, accounting or tax advice. You may wish to consult a competent attorney, tax advisor, or accountant.
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