Understanding Critical Illness Insurance

Critical illness insurance Critical illness insurance may help you cover expenses not covered by your health insurance. It’s a cash payment you receive if you ever experience a serious illness like cancer, a heart attack, or a stroke, giving you the financial support to focus on recovery. Who is it for? Criticalillnessinsuranceisasupplementalpolicyforpeoplewhoalready havehealthinsurance.Itprovidesyouwithanadditionalpaymentto coverexpenseslikedeductibles,treatments,andlivingcosts. What does it cover? Critical illnesses include strokes, heart attacks, Parkinson’s disease and cancer. Our policies can cover over 30 major illnesses, helping you stay financially stable by paying you a lump sum if you’re diagnosed with one of them. Why should I consider it? Health coverage is becoming more expensive, with higher co-pays, premiums, and deductibles. Critical illness insurance is an affordable way to supplement and pay for additional expenses that your health insurance doesn’t cover. Our policies typically provide payments for the first and second time you’re diagnosed with a covered illness. Plus, critical illness insurance is portable and payments are made directly to you. Watch our video How critical illness insurance helps cover the costs of treatment. You willreceive these benefits ifyou meetthe conditions listedin the policy. Critical costs John is hospitalizedafteraheart attack, andhas tocoverthe cost of five days as an inpatient. Average heart attack hospitalization expense: $53,000 Average Major Medical deductible: $1,500 MajorMedicalcovers 80%ofthecost after the deductibleis met, butJohn’s stillresponsiblefor 20%: $10,300. Totalout-of-pocketamountforJohn (deductible + coinsurance): $11,800. John has a $10,000 Guardian Critical Illness policy, which covers the majority of these out-of-pocket expenses. This example is for illustrative purposes only. Your plan’s coverage mayvary. See yourplan’s information on the following pages for specific amounts and details. GUARDIAN® is a registered trademark of The Guardian Life Insurance Company of America AesopIntermediateLLC Kit created 12/05/2022 ALL ELIGIBLE EMPLOYEES Groupnumber:00554984 2020-104305 (07/22) 25