Critical Illness Insurance

Serious illnesses call for serious protection

Medical insurance may not cover everything — help close the gap with critical illness insurance

No matter your age or state of health, a sudden illness could significantly affect your financial well-being. When health insurance won’t cover certain medical expenses, critical illness insurance can help.

Protection for your health and finances

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Don’t let an unexpected illness hinder the life you’ve built

A critical illness such as a heart attack, stroke or major organ failure can impact anyone, from the least health-conscious to the most fit. Every 34 seconds, someone has a heart-related event, and every 40 seconds, another person has a stroke.1 Heredity and lifestyle affect your risk factors, but even if you’re in perfect health, life can change in an instant.

When a critical illness strikes, major expenses often follow. Health insurance may cover some of your medical costs, but not everything. In addition to your day-to-day bills, you could incur costs for treatment and recovery, such as:

  • Deductibles and co-pays
  • Expenses related to out-of-network treatment and additional medical procedures, such as angioplasty and pacemaker implantation
  • Travel, lodging and meals during treatment
  • Lifestyle changes that may lead to better health, such as gym memberships and smoking cessation programs
  • Rehabilitation and home health services
  • Child care

Plus, if you have to take a leave of absence or reduce your work schedule to care for yourself or others, expenses and debt can add up quickly. That’s where critical illness insurance can help. With a financial safety net in place, you can rest assured that a sudden illness won’t jeopardize your finances.

How Colonial Life critical illness insurance works

Health insurance is supposed to be there when you need it most, yet it often fails to cover all the expenses associated with a critical illness. Fortunately, Colonial Life can help bridge the gap and give you greater peace of mind.

Colonial Life critical illness insurance helps supplement your major medical coverage by providing a lump-sum benefit that you may use to pay direct and indirect costs related to the most prevalent critical illnesses. Some of the covered conditions include:

  • Heart attack
  • Stroke
  • End-stage renal (kidney) failure