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Critical Illness Insurance

Critical Illness Insurance. Underwritten by Transamerica Life Insurance Company. ARE YOU IGNORING A MAJOR FINANCIAL RISK to your family?. It Isn’t ... Unemployment or Investment losses or a decline in home values. It is ... your likelihood of dealing with a CRITICAL ILLNESS.

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Critical Illness Insurance

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  1. Critical Illness Insurance • Underwritten by Transamerica Life Insurance Company

  2. ARE YOUIGNORINGA MAJOR FINANCIAL RISKto your family?

  3. It Isn’t...UnemploymentorInvestment lossesora decline in home values

  4. It is...your likelihood of dealing with aCRITICAL ILLNESS

  5. 25 SECONDSEvery 25 seconds, an American will suffer a coronary event.

  6. 30 SECONDSEvery 30 seconds on average, an American will be diagnosed with some form of Cancer.

  7. 40 SECONDSOn average, every 40 seconds an American suffers a stroke.

  8. 79 PEOPLEAn average of 79 people receive organ transplants each day. However, an average of 18 people die each day waiting for organs.

  9. Why Own Critical Illness Insurance?Major medical deductibles and out of pocket expenses continue to increase every year. While employees can’t predict a heart attack, stroke or cancer, they can prepare for the financial impact, by simply owning a Critical Illness Insurance Policy.Look at these alarming statistics:

  10. 62%Percentage of all bankruptcies directly tied to a medical conditions like Critical Illnesses.

  11. 75%Most of these bankruptcies individuals were already covered by traditional health insurance.

  12. Concern for Critical-Illness and the Costs AssociatedAccording to a 2013 study by a Sun Life Financial, many workers fear the financial impact of a Critical Illness even more than dying.The report estimated the per-person out of pocket medical costs for individuals with health insurance who experience a Critical Illness, including Cancer an additional $6,740, Stroke an additional $17,680 and Heart Attack an additional $14,234.

  13. How does the Policy Work? • Pays a Lump-Sum Cash Benefit • $20,000 for the employee • $10,000 for spouse/child/children • These amounts are for major events (i.e. Heart Attack, Stroke, Cancer and Major Organ Transplant (See Product Details in the Brochure for complete list) • There is a maximum payout of 3 x the benefit amount

  14. Recurrent Benefit50% of the first occurrence amountExample: Employee has a heart attack and survives. Files the claim and receives a lump-sum for $20,000.Two years later has another heart attack and survives. Files the claim and receives a lump-sum for $10,000.For separate event or diagnosis, insured receives full amount for first occurrence based on the schedule (See Product Details in Brochure for list)

  15. How does this help financially? • Lump-sum payments give you financial control to use as you see fit. • Payments can be used for medical related expenses such as deductibles, co-pays, etc. • Child care or house sitting. • Credit Card payments and other household bills. • Travel to out of town hospital or treatment facilities. • Non-medical expenses like missed work or house keeping.

  16. Wellness Benefit Included$150 per insured per yearExample: Employee/Spouse coverage. Employee is in the 30-39 age bracket. Their annual premium is $452. Each has their yearly physical, files the claim with Transamerica and each will receive $150 in wellness benefit for a total of $300.

  17. Don’t Miss This Opportunity • During this extended enrollment through 12/31/2014, this policy is guarantee issue. • This policy is payroll deducted. • There is one rate based on the employee age. • The rate stays the same at the attained age. • This policy is portable, meaning you can continue coverage even after employment. • Financial Rating for Transamerica: A+ with A.M. Best

  18. How to submit Application • The application can be completed on the web portal or you can print and complete • Effective Date will be the first of the next month if completed by the 22nd. If completed after the 22nd, it will be effective the first of the following month. • Complete employee information • Complete dependent information if you are covering spouse, children, or both • Complete benefit selection, employee only, one parent family or two parent family and input rate • Rates are based on the employees age bracket, one rate only • Sign and Date • Print, Scan, and or fax application to: Anna Dempsey adempsey@alfains.com

  19. Contact information for questions:Joel SandersCell-334-306-9943joelasanders@yahoo.com

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