Page 13 - MI New Hire webinar

Critical Illness/Cancer
Critical Illness Insurance provides a lump sum benefit that can be used anyway you chooses...so you can focus on recovery, not finances.
• Lump Sum Benefit payable upon initial diagnosis of a covered critical illness or cancer
• Guaranteed issue during this initial open enrollment: $5k, $10k, $15k, $20k or $25k
• Optional Spouse / Dependent Child Coverage: 50% of your lump sum benefit amount
• 100% of benefit amount is paid for Cancer Type 1 (invasive), Heart Attack, Stroke, Major Organ Transplant, Kidney Failure, 30% - Arteriosclerosis, 25% - Cancer Type 2 (non-Invasive) and Coronary Artery Bypass Graft
• Additional occurrence benefit of 100% paid when dates of prognosis are separated by 3-months
• Re-occurrence benefit of 50% paid when dates of diagnosis are separated by 12-months
• Maximum benefit of 300% can be paid on combined benefits
• 3/12 pre-existing condition limitation
• Includes annual $50 Wellness Benefit
• Benefit reduction of 50% at age 70