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?*
5Star Life Insurance Company (5Star Life) offers Group Critical Illness Insurance which provides crucial financial protection for first-ever diagnoses of three covered condition groups – cardiovascular conditions, cancer diagnosis, and all other covered conditions.
Your client cannot be singled out for a rate increase due to health or employment status. Age-banded group rates can only increase on a group basis.
Critical Illness Triple Benefit
Your client receives a cash payment upon the first occurrence of a covered illness. He/she can receive up to three (3) times the face amount of the policy but cannot collect more than 100% of each category. The plan pays regardless of what primary insurance covers with no coordination of benefits.
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.
Payments 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.