An unexpected illness brings unexpected challenges  

Group critical Illness insurance helps employees prepare financially for an unexpected life event. The lump-sum benefit can be used any way to help cover costs such as child care, mortgage payments or out-of-pocket medical costs.

Watch how we explain critical illness Insurance to employees

Why offer group critical illness insurance?

• Cash benefit is paid directly to the insured to use any way they choose
• Helps cover out-of-pocket costs without tapping savings or other sources
• Payouts don’t depend on employee’s income or participation in other employer insurance  offerings

What does group critical illness insurance cover?

Our critical illness offering is designed to stand out from the competition with features like these:

• Full benefit cancer after partial benefit cancer — Benefits are treated independently and aren’t reduced if one benefit is paid and another diagnosis happens
• Child-specific benefits available — Including Type 1 diabetes (juvenile diabetes), Down syndrome and cleft lip or cleft palate surgery
• Dependent parent rider — Benefit available to employee or spouse providing financial support to a dependent parent (must equal more than half of parent’s monthly expenses) 
• Additional coverage:
  • COVID-19 Infectious Disease benefit available¹
  • 25 covered conditions including Post-traumatic stress disorder (PTSD), Legionnaire’s disease and skin cancer

All benefits are diagnosis based, not treatment based

Core covered conditions

Our critical illness insurance covers seven core conditions in various percentages depending on the plan design selected. Core conditions can be paired with additional covered conditions to address the financial and health risks facing your organization.

Additional features and options

• No health questions — During the initial enrollment period, employees may be able to enroll for coverage without providing proof of good health.
• Multiple payout — If an employee has a separate covered condition, this option allows for more than one benefit payment after 30 days.
• Continuation options — Upon termination, an employee may be eligible to continue coverage by paying premiums directly to Securian (subject to the policy’s terms).
• Recurrence — After 12 months, this option allows more than one benefit payment for the same covered condition. Eligible conditions include full benefit cancer, heart attack, stroke and major organ failure. Recurrence benefits pay 25 percent of the coverage amount.
• Health and wellness — Once per year, employees and their spouses can receive a benefit for having a health and wellness screening (up to 32 screenings) including an annual physical.

How group critical illness insurance works

If an employee is diagnosed with a condition covered by the policy and meets the policy requirements, our critical illness insurance will pay a lump sum benefit.

Benefits are paid at a percentage of the amount of coverage the employee has elected.

Benefit example

Here’s an example of how benefits could be paid.

Our critical illness insurance policy provides Jill the following benefits:

• Heart attack benefit at 100 percent of Jill’s elected coverage amount

• Partial benefit cancer benefit of 25 percent

• Coronary artery disease needing bypass surgery or angioplasty benefit of 25 percent

Actual experience and benefit payouts may vary.

Easy-to-follow claims process leads to satisfied policyholders