Financial support when facing serious health challenges
A diagnosis of a critical illness can be life-changing—not just physically and emotionally but financially as well. Even with major medical insurance, the costs associated with treatment, recovery, and everyday living can be overwhelming. Group critical illness insurance helps provide employees with additional financial protection during these difficult times.
What is Group Critical Illness Insurance?
Group critical illness insurance is an employer-sponsored supplemental benefit that pays a lump-sum cash benefit when an employee is diagnosed with a covered serious illness. This benefit is paid directly to the insured and can be used to cover medical bills, travel expenses, mortgage or rent, childcare, or any other costs the employee faces.
Common Covered Illnesses
- Cancer
- Heart attack
- Stroke
- Major organ transplant
- Kidney failure
- Multiple sclerosis
- Parkinson’s disease
- Other specified serious conditions
Why choose Group Critical Illness Insurance?
- Helps cover out-of-pocket costs not fully covered by health insurance
- Offers peace of mind by providing financial resources during treatment and recovery
- Affordable group rates make it accessible to employees
- Simplified enrollment often with no medical exam or limited underwriting
- Flexible use of benefits—employees decide how to spend the lump sum
Who benefits from Group Critical Illness Insurance?
Employees of all ages and health backgrounds can benefit, especially those concerned about the financial impact of a serious health diagnosis. This coverage supports employees and their families by helping reduce the financial burden so they can focus on healing.
How are premiums paid?
Group critical illness premiums may be employer-paid, employee-paid, or shared. Many employers offer it as a voluntary benefit with convenient payroll deduction.