Group Critical Illness Insurance

 

They say those who have their health have it all. However, a critical illness can change everything.

Would your employees have the financial means necessary to maintain their lifestyle and meet their financial obligations if they had to deal with a critical illness? Assumption life's Critical Illness Insurance solutions allow employees to focus entirely on getting well.

Assumption Life offers two types of Critical Illness Insurance to groups: the traditional Critical Illness Insurance and the High Severity Critical Illness Insurance.

Critical Illness Insurance

The plan is available to your employees with an option for their dependents. The plan covers 25 critical illnesses and an additional 6 conditions for dependent children.

If diagnosed with one of the 25  illnesses covered, your employee will receive the lump sum set out in your contract to help cover additional expenses along the road to recovery. These can include compensating for sick leave, paying for travel for treatment or paying for home care or treatments not covered by health insurance.

Coverage amounts:

For participant: 1, 1.5, 2, 2.5 or 3x their annual salary; in units of $10,000, up to a maximum of $250,000

For dependents: Spouse: Maximum Coverage of $50,000 Dependent children: Maximum coverage of $25,000 per child

High Severity Critical Illness Insurance

The plan is available to your employees with an option for their dependents and covers 9 critical illnesses. It can provide employees with a more affordable and accessible solution, while offering financial security to those whose has progressed to an advanced stage, causing significant financial hardship.

Coverage amounts:

For the participant: 1, 1.5, 2, 2.5 or 3x their annual salary; in units of $10,000, up to a maximum of $250,000

For dependents: Spouse only: Maximum coverage of $50,000

If diagnosed with one of the 9 critical illnesses covered, your employee will receive a tax-free lump sum set out in your contract to help cover additional expenses along the road to recovery. These can include compensating  for sick leave, paying for travel for treatment or paying for home care or treatments not covered by health insurance.

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