When deciding if you should get critical illness insurance or not, it can be helpful to visualize a scenario.
Let’s say you experience a situation where you may benefit from having critical illness insurance coverage, like a heart attack. The hospital bills, immediate procedures and ongoing medications can quickly add up to thousands of dollars. Having an affordable critical illness insurance policy before an event like this happens can help bring the cost down.
This scenario can apply to a wide variety of critical illnesses. Strokes are a common condition that may fall into the critical illness category. 1 When life throws you a curveball, Aflac’s critical illness can help you and your family financially navigate the newfound care needed.
Critical illness insurance is a type of policy that provides additional coverage in emergencies and certain life-changing events. With critical illness insurance, a lump-sum payment is provided when a policyholder experiences a covered illness.
These plans can be particularly helpful when your primary health insurance coverage leaves you with gaps in coverage. Luckily, critical illness insurance usually comes at an affordable rate, allowing the benefits to outweigh the costs.2
There are a few unique characteristics that make it worth it to buy critical illness insurance:
The benefits of each critical illness insurance policy vary from company to company. At Aflac, critical illness insurance is offered through employee payroll and classified as a group insurance plan.
If the illness experienced is covered in an Aflac critical illness plan, we pay out a lump-sum payment to be used as needed. This means you can use the lump sum for medical bills or everyday expenses, like groceries and electricity bills. This functionality makes what critical illness insurance covers worth it—even if your primary health plan already offers solid medical coverage.
Aflac’s critical illness insurance may also help cover dependent children under the age of 26 and spouses, if applicable. Depending on the plan you choose, you may be able to receive coverage for first-time events and second-time occurrences of the same critical illness.
Hospital stays, ongoing care and intensive treatments may also be covered depending on your location and plan type. We recommend chatting with an agent to review your insurance options.
Chat with an agent today.
There are a handful of situations where critical illness insurance may be particularly worth it for you:
Critical illness insurance covers a specific list of life-changing events. If you have a family history of these illnesses, critical illness insurance may be particularly worth it. With affordable rates, you can help provide yourself with peace of mind and financial protection if an emergency were to strike.
As an employer, you can help your employees feel safe by offering them additional support if a critical illness impacts their ability to work. The more employees feel supported, the more capable they are of making meaningful contributions to their companies. Discover how you and your employees can work together better with Aflac Critical Illness Insurance.
Explore your critical illness insurance options.
1-7 Investopedia - Critical Illness Insurance. Updated June 28, 2021. Accessed Feb 28, 2022. https://www.investopedia.com/articles/personal-finance/010416/critical-illness-insurance-who-needs-it.asp.
AFLAC LUMP SUM CRITICAL ILLNESS INSURANCE - B71000 SERIES
In Arkansas, Policies B71100AR & B7110HAR. In Oklahoma, Policies B71100OK & B7110HOK. In Oregon, Policies B71100OR & B7110HOR. In Pennsylvania, Policies B71100PA & B7110HPA. This is a brief product overview only. Coverage may not be available in all states including but not limited to: ID, NJ, NY & VA. Benefits and/or premiums may vary based on the state and benefit option selected. Riders are available for an additional premium. The policy has limitations, exclusions and pre-existing condition limitations that may affect benefits payable. The policy may contain a waiting period. Refer to the policy for benefit details, definitions, limitations and exclusions. For costs and complete details of the coverage, contact your Aflac insurance agent/producer.
Coverage is underwritten by Aflac. In New York, coverage is underwritten by Aflac New York.
WWHQ | 1932 Wynnton Road | Columbus, GA 31999