Specified disease insurance helps minimize by paying a lump-sum benefit so insureds can focus on their recovery rather than their finances.
A heart attack, cancer diagnosis, or other life-altering condition typically means unknown and sudden costs. Specified disease insurance helps minimize by paying a lump-sum benefit so insureds can focus on their recovery rather than their finances. Keep reading for more details regarding specified disease insurance.
Financial Pros of Obtaining Specified Disease Insurance
Help Protect Your Finances Due to an Illness
When you, a child, or a spouse/domestic partner is diagnosed with a covered health condition, you can obtain a cash benefit to help pay for sudden costs your health plan doesn’t cover.
Cover Related Expenses
While health programs might cover direct costs linked with a specified disease, you may use your benefit to assist with related expenses – child care, lost income, deductibles, transportation, and co-pays. Add valuable coverage to your benefits package to assist your employees in earning valuable financial protection at no direct cost to you.
Receive a Cash Benefit
Our clients can use specified disease insurance however they want, and it pays in addition to any other coverage they may already have. Benefits are payable directly to employees unless specified otherwise. They can use the benefits where they need them most.
Considerations
Make sure to consider the following when determining whether to enroll in critical illness insurance:
- Cost per Paycheck. The coverage cost is based on your age, who you cover, and the coverage level you elect.
- Your Family’s Needs. Does a serious medical condition run in your family? Do you need financial assistance to balance the cost of a serious health situation? If so, you could probably benefit from having critical illness insurance. You don’t have to answer any medical questions to obtain coverage.
Our Other Executive Benefits Packages
Lastly, to round out your executive benefits package and provide even additional protection to your executives and your company as a whole, our clients may select from our range of individual insurance products, including:
- Short-term disability insurance
- Long-term disability insurance
- Accident insurance
- Vision insurance
- Dental insurance
- Critical illness insurance
- Long-term care insurance
- Pet insurance
- And much more!
Get in Your Voluntary, Supplemental, and Health Insurance Policies with the MWE Partnership!
Are you a business looking to provide your employees with essential voluntary benefits? If so, look no further than The MWE Partnership. When you choose The MWE Partnership, you get experienced service and comprehensive voluntary benefit options that will meet all your employees’ needs. With over 17 years of experience, The MWE Partnership is your go-to provider for all your supplemental benefit needs. If you are interested in finding out how The MWE Partnership can help your business, contact us today! We encourage you to like our Facebook page and follow us on Twitter and LinkedIn for the latest voluntary benefit news!