Q: Is there an example that demonstrates how to use the Critical Illness insurance?
BENEFIT EXAMPLE: RACHEL’S STORY
Rachel is a working mom who was hospitalized with a heart attack at the age of 45.
Her health insurance paid for most of her medical expenses, but she was responsible for several thousands of dollars in copayments and deductibles. Fortunately, Rachel had enrolled last year in a $10,000 Critical Illness benefit through her employer.
The payout covered her outstanding medical expenses as well as child care and other living expenses she incurred during her recovery period.
Note: Even after receiving a full benefit under the policy, Rachel’s coverage may remain in-force and provide financial support if she or a dependent should experience another major illness in the future.
This case illustration is fictitious and for illustrative purposes only.