Group Critical Illness
Financial peace of mind at a critical time
Because of advances in technology and earlier detection, surviving a critical illness is likely. However, the cost can be financially devastating due to co-pays, high deductibles, exclusions for new treatments, expensive prescriptions, and lost wages. Did you know that 66.5 percent of all bankruptcies are tied to medical issues?*
To provide protection during this time of need, 5Star Life Insurance Company (5Star Life) is pleased to offer Group Critical Illness Coverage as part of your employee benefits package. This Group Critical Illness Coverage has been designed to allow you an easy and affordable way to provide for your additional financial needs, so you can focus on getting well.
Rates can not be increased individually on a particular insured due to a change in health or employment status. Age-banded group rates can only increase on a group basis
Critical Illness Triple Benefit
Cash payment upon the first occurrence of a covered illness. Receive up to three (3) times the face amount of your policy. No more than 100% will be paid in each category of critical illness.
Coverage with no loss of benefits or increase in cost should your client leave their employer after the first premium is paid, in which case 5Star Life will simply bill your client directly.
Spouse benefits are available up to 50% of the employee face amount, not to exceed $25,000, whichever is greater. A $10,000 benefit for financially dependent children up to age 25 can be added to the employee’s policy for 75 cents per week.
Premiums are taken care of simply and easily through payroll deductions.
Underwritten by 5Star Life Insurance Company (a Lincoln, Nebraska company); Administered by NTT Data at 777 Research Drive, Lincoln, NE 68521. Product available in all states and some U.S. Territories except: CT, NJ, NY, PA, VT, WA, AS, GU, MP.
Policy #: CIGROUPPOL R1008rev. Page updated June 2021.