Critical illness insurance helps fill coverage gaps

When employees are diagnosed with a critical illness, they often have expenses that health insurance doesn’t cover. Critical illness coverage can help with those out-of-pocket costs, so employees can focus on their treatment and recovery.

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Ease the financial stress of facing a critical illness condition

Critical illness coverage provides a lump-sum benefit to help with out-of-pocket costs when diagnosed with a covered condition. Examples of out-of-pocket expenses include:

Deductibles and co-pays
Out-of-network treatment and additional medical procedures
Travel, lodging and meals during treatment
Rehabilitation and home health services

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Advantages for employers and employees

Here’s how offering critical illness coverage supports your business and your employees.

For employers and HR professionals

Customize a benefits package that helps attract and retain high-performing employees without adding costs to your bottom line
Manage the rising costs of coverage through voluntary benefits and potential tax savings
Streamline the enrollment process for all of your benefits, including major medical plans, by partnering with our nationwide team of benefit counselors
Simplify plan administration with our benefits enrollment and management tools

For your employees

Receive a lump-sum benefit payable directly to them with the flexibility to use it where it’s needed the most
Provide coverage for themselves, as well as spouse and eligible dependents
Choose to keep their coverage if they change jobs or leave the company with some policy options
Streamline their benefits experience with a quick claim filing process in our intuitive policyholder portal

What popular features in the policyholder portal help employees use their benefits?

Check on policies and personal info

See the status and get a copy of their policy
Check their premium amount and due date

File and review claims online

File or check on the status of a claim
Set up direct deposit for quicker benefit payment

What critical illness insurance plans are available?

Colonial Life offers several individual and group critical illness insurance plans with several optional riders. Please contact your Colonial Life representative for more information.

What conditions does critical illness cover?

Generally, the covered conditions in a critical illness policy may include:

Heart attack
Stroke
End-stage renal (kidney) failure
Coronary artery disease
Cancer
Coma

Other critical illnesses may be covered, depending on your plan.

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Policy forms marketed by the company are too numerous to list in the advertisement, but a list can be provided upon request.