Critical Life Insurance

Many companies have been offering critical illness insurance as a part of the employment benefit. The Guardian Life Insurance Company of America is one of the known names in providing such group beneficial critical illness insurance.

In spite of health insurance and other investments, many of the families of the employees are seen to go through lot of financial struggle and stress. That is why many employers feel the need of critical illness protection for their employees. Guardian has been offering such group policies to enhance the stability and security of the financial future of the employees in case of any critical illness.

The critical illness coverage offered by Guardian is a combination of various benefits and is of three types:

(A) Coverage that involves a lump sum for six major illnesses or medical conditions:

1. Cancer
2. Heart Attack
3. Stroke
4. Major Organ Transplant
5. Kidney Failure
6. Coronary Artery Bypass Graft

There is also a recurrence feature in case of the policy holder experiencing the

above mentioned illness for the second time.

(B) Coverage that includes a hospital admission rider that offers per day benefit for hospital stays for any medical condition including injury.

(C) Coverage for complete routine screenings and procedures for finding out the presence of critical illness in the initial stages.

For those who have been complaining about critical illness insurance being an expensive policy, Guardian’s group critical illness insurance is offered at a much affordable rate. Guardian also provides coverage for the other medical conditions other than the six common ailments. The best thing is that the coverage is given irrespective of the person’s medical history which makes it all the more convenient to get critical illness insurance.

The customer support team of Guardian has a dedicated team for educating employees about critical illness insurance cover. The employees also find it easy to approach the support team with their queries.

If you are an employer and are looking for a group critical illness insurance, then you should think of the Guardian Life Insurance Company of America as one of the top options because not only it offers affordable policies but also provides new and flexible benefits and education on critical illness insurance.

Have you seen your friend falling critically ill and his/her family struggling hard to keep up with the expensive treatment costs? Are they compromising with the quality of the treatment due to the inability to pay those huge medical bills? Well, things would have been different if they had taken critical illness insurance cover.

Many tend to confuse critical illness insurance with any other health insurance. And that is the reason they wonder why do they need to purchase critical illness insurance separately.

When the person, who has bought critical illness insurance, is diagnosed with any critical illness, a lump sum is given to him that can be used in any way he/she likes. The critical illness insurance provides relief from financial mess for the policy holder and the family. Even though other health insurances are very important, they do not offer coverage or facilities that the critical illness insurance offers.

The ultimate amount offered by the critical life illness insurance policy can be used for any purpose. The money can be utilized for any critical purpose as follows:

• Alternate treatment
• Travel expenses while receiving the treatment
• Care for kids or elders
• For domestic expenses as the policy holder will not be able to work
• A relaxing vacation with your family
• A wheelchair if needed

In this way, the lump sum can be used for any beneficial purpose. Thus the policy holder and his family are relieved of the stress and the burden of finance in the difficult period of the serious illness. The policy holder can afford the best treatment and can take some time off work. He also does not have to worry about the mortgage due as it will be taken care by the policy if it complies with the policy taken.

Usually the life and critical illness insurance protection offers coverage for the following:

1. Heart Attack
2. Stroke
3. Cancer
4. Multiple Sclerosis
5. Kidney Failure
6. Major Organ Transplant
7. Alzheimer’s Disease

Critical illness insurance cover is offered as supplement to other health insurances by many companies. It is also offered as a work place benefit for the employees.

It is vital to have critical illness insurance as it reduces your financial stress and strain and helps you to concentrate on your treatment and recovery. After all, you are worth it.