According to facts compiled by the Center for Disease Control, every year more than 1.53 million Americans suffer a heart attack or stroke alone and unlike other competitor policies, this Group Critical Illness Insurance offers whole or partial coverage of 14 different illnesses that could strike you or your loved ones at any time.
But despite all the benefits of enrolling, there are still some key reasons for not waiting to take advantage of this special offer.
1. There is no time like the present.
The time to enroll in Critical Illness Insurance will never be better than it is now. The reason for this is that insurance companies tend to calculate your premium for this type of insurance annually based on one’s age. Therefore, depending on which option you choose, your monthly premium could cost anywhere from $4.67 to $105.63.
If you think this is a type of insurance you can get once you’ve already been diagnosed, think again. Like most insurance types, Critical Illness Insurance benefits will only be paid out to you in the event of a diagnosis that occurs on or after your insured date.
3. Group Critical Illness Insurance means coverage for your family.
While you may believe that you won’t need Critical Illness Insurance anytime soon, could you say the same thing about your loved ones? By enrolling in the policy, you have the option to select coverage for any of your family members as well.
4. Coverage included for 14 different illness types.
As opposed to other Critical Illness Insurance policies offered by other companies, the policy offered by Allstate Benefits insures whole or partial coverage for 14 different illnesses, ranging from heart attack all the way to advanced stages of Alzheimer’s disease.
According to a 2013 report by NerdWallet Health and later picked up by CNBC, every year approximately 2 million people in the United States file for bankruptcy as a result of staggering medical bills that go unpaid. With Critical Illness Insurance, you are paid cash benefits following the diagnosis of one of the 14 illnesses covered by the Allstate Benefits policy.
Depending on your diagnosis and specific policy option, you could receive anywhere from $10,000 to $20,000 to help you cover anything from your rent or mortgage, to car insurance, basic bills and more while you recover. In the event your illness or recovery time render you unable to pay your monthly Critical Illness Insurance premium, your premium will be waived (this only applies to the policyholder).
6. Peace of Mind for you and your loved ones.
A survey conducted by NPR in 2015, revealed that of the population sampled, 26 percent of individuals with and without insurance revealed that the cost of their health care “caused a serious financial problem.”
With Group Critical Illness Insurance, you and your family would be able to focus more on recuperating from an unfortunate medical diagnosis, rather than focus on how you’re going to be able to pay your medical bills.
Due to its new offering, Allstate Benefits has granted a Limited-Time Open Enrollment Period exclusive to State Bar of Texas members. To learn more about Allstate Benefits Critical Illness Insurance, feel free to look over our brochure, which outlines policy options, pricing, a complete listing of covered illnesses and more.
To enroll yourself or your family in Allstate’s Group Critical Illness Insurance, visit our site and be sure to enroll by July 31st.