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Group Critical Illness Insurance

The physical and emotional effects of a critical illness on you and your loved ones can make you feel like you have no control over your own life. It's why your doctor will strongly recommend you have a solid support system in place to help you cope with such an overwhelming occurrence.

Many have touted the importance of a strong support system during times of serious illness, believing it can help speed recovery, cultivate hope, and improve patients' overall well-being.1 The AAO-Endorsed Group Critical Illness Insurance Plan can help provide the support you'll need to deal with an unexpected illness and help cover the substantial healthcare costs associated with it. Focus on what you can control and put a support system in place so you can get well faster and stay healthy longer.

Why Do I Need a Critical Illness Plan?

Healthcare costs are constantly rising. This plan can supplement your existing health insurance and help cover those hidden expenses that add up, like co-pays, deductibles, prescriptions, and treatment or travel to consult specialists. Most patients recovering from a critical illness need time off work as well. We can support you by offering:

  • Simplified issue: answer only a few health questions; no physical exam or medical tests required
  • Coverage amounts: up to $100,000 per critical illness ($200,000 for two separate, distinct illnesses)
  • Flexible cash benefit: use at your own discretion
  • No benefit cutbacks: your benefit amount will not decrease with age

What Is Considered a Critical Illness?

The AAO-Endorsed Group Critical Illness Insurance Plan can provide benefits for the following critical illnesses:

  • Cancer
  • Heart attack
  • Major organ transplant
  • Renal failure
  • Stroke

Insureds may receive benefits for no more than two separate and distinct critical illnesses.* There is a limited benefit available, up to $25,000, for cancer in situ (a localized state). Please refer to the plan brochure for a detailed explanation of each critical illness covered.

*The second instance coverage is subject to a 6-month waiting period after the first diagnosis.

The Good News. And the Not-So-Good News.

Life expectancy in the U.S. was 78.87 years in 2019.2 With increased life expectancy, however, there are diseases and conditions that threaten health. Consider…

  • Nearly half of U.S. adults 20 years and older have some form of cardiovascular disease.3
  • More than 24.3 million Americans have a diagnosis of hypertension, which can lead to coronary artery disease, heart failure or stroke.3
  • The economic costs associated with these diseases are extremely high.3

Current health statistics are sobering, we know. But staying informed is the best way to reduce fear and anxiety whether you're critically ill, or vigorously healthy.

Eligibility

AAO members and their spouse or domestic partner under age 70 may apply for benefit amounts from $5,000 to $100,000 in $5,000 increments.* Spouse coverage must be less than or equal to member coverage.

*The covered person must survive for 15 days following the date of diagnosis to be eligible for benefits.

Carrier

This plan is underwritten by New York Life Insurance Company. This is a brief summary of benefits only and is subject to the terms, conditions, exclusions, and limitations of Group Policy No. G-30270-0. Coverage may vary or may not be available in all states.

See full disclosures

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1Draghici, Alexander. "Start Building a Strong Support System." Thrivetalk, 9 January 2019.

2"U.S. Life Expectancy 1950-2020." MacroTrends. Web. 13 July 2020.

3Jessup, Mariell. "Latest Heart Disease and Stroke Statistics Reveal Challenges and Opportunities." Health Metrics, 31 January 2019.

For more information on this plan (features, costs, eligibility, renewability, limitations, and exclusions), please download the brochure.

Applying Is Easy.

No physical exams. No medical tests. No kidding.

LEAN ON US

Answering just a few questions is all it takes. Apply online for faster processing.


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800.622.0344

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