critical-illness-insuranceCritical Illness insurance supplements an employees’ major medical coverage. Benefits are offered on an employee-paid basis and employees sign up at economical group rates – so they typically pay less for coverage than if they tried to purchase coverage individually.

A lump sum cash payment is made to the policyholder to help cover expenses associated with a qualifying serious illness. This benefit can replace an employees’ income while they recover, provide for travel or care expenses, and prevent financial hardship when dealing with a health crisis.