Supplemental Benefits

Supplemental Health Benefits are designed to assist with the indirect costs associated with a major illness or disease.  Most policies are activated upon diagnosis of a covered condition or upon treatment for a covered condition.  Having a way to deal with the extra expenses of a significant illness can be a great comfort for you and your family.

Consider these statistics:

  • 1 in every 2 men and 1 in every 3 women will be diagnosed with some form of cancer.1
  • Cancer is the second most common cause of death in the U.S., exceeded only by heart disease.2
  • Every 45 seconds someone will have a stroke.3
  • The leading cause of disease in women is cardiovascular disease...more than cancer.4 

Cancer insurance benefits can be paid directly to you to help you manage the high cost of treatment, preserve your savings, and protect your family.  This allows you to concentrate on getting well.  Cancer insurance is designed to cover the additional expenses not covered by your medical insurance.  Expenses could include: travel, housekeeping, sitters, or other out-of-pocket expense.  The bottom line is... you get to decide how you spend the money.

A critical illness diagnosis may cause your household expenses to increase and your income to decrease.  Supplemental insurance can provide assistance when you are faced with additional expenses associated with covered illnesses.  Payments may come directly to you so you can decide the best way to use the funds.  Coverage may also be available for family members.  Eligible conditions include heart conditions, stroke, cancer and other serious illnesses.  

 

 

1. American Cancer Society, Cancer Facts & Figures, 2007.
2. American Cancer Society, Cancer Facts & Figures, 2007.
3."Critical Illness Insurance: A Lump-sum Review". LIMRA's Marketfacts Spring 2002.
4."Critical Illness Insurance: A Lump-sum Review". LIMRA's Marketfacts Spring 2002.

 

How to Choose...

Assess your risks.  Understanding your risk of cancer or critical illness is the first step.  The type of protection you choose should match your risk profile.

Buy smart.  If you have adequate medical coverage, supplemental insurance only needs to provide for the out-of-pocket, additional expenses that are not covered by your plan.  In most cases you do not need an extravagant or expensive policy.  Choose a plan that fits your lifestyle and budget.

Qualify Early.  It is important to think ahead and buy while you are healthy.  You may not qualify for supplemental health coverage if you already have a health condition.

2008 Collateral Educator Services / 1.866.322.2244 / info@servingeducators.com aeabenefits.com   email