Critical Illness/Cancer is a benefit that will pay you a lump sum of money if you are diagnosed with a critical illness, heart attack, internal cancer or stroke. The cash benefit is provided upon the first diagnosis of a covered condition to help you with associated costs and beyond.
Guaranteed Issue during initial enrollment period up to $30,000 for employees. Spouses and children are guaranteed issue at 50% of the employee amount.
Regardless of other medical or voluntary coverage in force, the benefit is paid out in a full lump sum. Examples of covered conditions:
Invasive Cancer, Heart Attack, Stroke, Renal (Kidney Failure), Blindness, ALS (Lou Gehrig’s Disease), Major Organ Transplant, Paralysis of Two or More Limbs, Coronary Artery Bypass Surgery, Carcinoma In Situ.
A Health Screening Benefit is included in your Critical Illness/Cancer Policy and Allstate pays up to $100 for each insured. Each covered person will get one immunization or one screening test per calendar year. (60 day waiting period for this benefit)
Examples of health screenings:
- Low dose Mammography
- Stress Test
- Serum Chlesterol
- Bone Marrow
- Pap Smear
- Colonoscopy
- Prostate Specific Antigen
- Chest X-ray
Also included is a Double Benefit Option that provides a second cash payment in the event a covered person is diagnosed with a different condition or illness. Pays an additional 100% of the original benefit.
Rates: This benefit is customized by each employee so rates vary, but can start as little as a few dollars a week. Your specific rate will be calculated for you in the electronic enrollment system.
Click here to learn more about Voluntary Benefits