Hours 5

AL-Critical Illness Insurance

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Lessons

AL-Critical Illness Insurance Chapter 2

Benefit Amounts As the type and scope of covered conditions vary from insurer to insurer, so too do coverage amounts. The cash benefit payment under a CII policy can range…

AL-Critical Illness Insurance Chapter 3

CII vs. Dread Disease or Specified Disease Coverage Critical illness insurance is sometimes confused with what is called “dread disease” or “specified disease” insurance. These policies represent the prototype for…

AL-Critical Illness Insurance Chapter 4

Background Critical illness insurance, like other insurance, is in a continually evolving state. The original form of this kind of coverage was pioneered by Dr. Marius Barnard, brother of Dr.…

AL-Critical Illness Insurance Chapter 5

The Emergence of Voluntary Benefits Cost is the primary force driving the changes in employer-provided health plans and benefit package designs. Employers have had little choice but to reconstruct their…

AL-Critical Illness Insurance Chapter 6

Insurance for Living and Healing A debilitating critical illness can seriously affect the quality of life—not only that of the afflicted individual but of his or her family as well.…

AL-Critical Illness Insurance Chapter 7

Benefit Amount Critical illness policies are issued with an initial specified benefit amount: $10,000, $25,000, $50,000, $100,000, or $250,000, for example. This is the policy’s “base benefit” or “face value”…

AL-Critical Illness Insurance Chapter 9

Optional CII Riders As the marketplace for critical illness insurance expands and as insurers attempt to set their products apart from the competition, a number of CII policy riders have…

AL-Critical Illness Insurance Chapter 10

The Cost of CII Coverage Compared to other forms of health and disability insurance, CII is a fairly low-cost protection product. Premiums for the coverage reflect morbidity rates, the high…

AL-Critical Illness Insurance Chapter 11

Chapter Overview Critical illness insurance is, at its core, a supplemental product. It is intended to provide benefits that supplement and enhance other insurance protection, adding another measure of security…

AL-Critical Illness Insurance Chapter 12

CII and Long-Term Care Insurance Critical illness insurance can complement long-term care insurance, most notably through coverage of one very serious condition: stroke. Strokes are one of the leading causes…

AL-Critical Illness Insurance Chapter 13

How Much CII Coverage to Recommend Critical illness insurance should be a needs-based sale; consequently, the amount of coverage that a producer should recommend to any CII prospect should be…