What is Critical Illness insurance?

Critical Illness insurance purchased by employees can provide a lump-sum payment following diagnosis of a covered critical illness such as heart attack, Alzheimer's disease or Lou Gehrig’s disease. Employers can also choose to include Cancer care as part of this plan.

For a low monthly premium, employees can get cash when they need it—extra money for the kinds of things health insurance isn’t designed to cover, like mortgage payments, transportation costs, child care or lost income.

Who should consider it?

75% of healthy individuals over 40 will become critically ill at some point.1 By offering employees the option of Critical Illness coverage, employers give them the chance to plan ahead, and avoid the financial burden of out-of-pocket medical expenses, or the difficulty of paying household or childcare expenses while in treatment.

  • Key benefits

    Key benefits

    • Policies available with or without cancer coverage
    • Policy amounts up to $100,000
    • Lump sum benefit paid to employee upon first diagnosis
    • Coverage is available to eligible family members
    • Coverage is available to all employees, anywhere in the United States
  • Additional features

    Additional features

    Critical Illness insurance includes a wellness or health screening benefit that can be applied toward common wellness exams, such as a mammogram, EKG or Pap smear. Employers can opt to include additional riders covering occupational HIV exposure, quality of life, recurrent diagnoses or automatic coverage increases.

  • Application process

    Application process

    For information or to request a proposal for a Voluntary Critical Illness insurance policy underwritten by USAble Life, Principal Life or The Hartford, please contact your Mosaic Group representative. Some coverage levels may be offered on a Guaranteed Issue basis with minimum participation requirements.2

  1. American Heart Association, Heart and Stroke Statistical Update, 2009.
  2. Subject to underwriting.