Critical Illness Features and Benefits—(NY)

Covered Illnesses for Insured and Spouse and Children:

  • Cancer
  • Coronary Artery Disease
  • End Stage Renal Failure
  • Heart Attack (Myocardial Infarction)
  • Major Organ Failure
  • Stroke

Critical Illness Insurance Features:

  • Critical Illness Lump Sum—benefit amounts from $5,000 to $50,000
  • Cash Benefits—Paid directly to insured to use as they choose
  • Guarantee Issue—up to $15,000 subject to 15% participation
  • Coverage for Family—insured, spouse and dependent child(ren)
  • Issue Age—up to age 69 for insured and age 26 for dependent
  • Benefit Amounts—50% of primary insured’s benefit amount for spouse and 25% for dependent child
  • Health Screening Benefit—$50 per calendar year for insured and insured spouse
  • Portable—no change in cost or coverage
  • Guaranteed Renewable—Coverage remains in force for life as long as premiums are paid
  • Level Premium—Rates do not adjust as insured ages
  • Additional Occurrence Benefit—If insured receives a benefit for any covered Illness that is less than 100% of Face Amount, the insurance will remain in force and the insured may receive a benefits upon diagnosis of a different covered Illness
  • Maximum Benefit Amount—The face amount of the policy
  • Pre-Existing Condition Clause—12 months

Policy Form AMICIP-13(NY)*
*Features & form numbers may vary by state.

CRITICAL ILLNESS BENEFIT
(Applicable to Insured, Insured Spouse, and Insured Children)
BENEFIT AMOUNT
Cancer:
Invasive Cancer
Carcinoma in situ
Skin Cancer

100% of Face Amount
25% of Face Amount
$250
Coronary Artery Disease: 25% of Face Amount
End Stage Renal Failure 100% of Face Amount
Heart Attack (Myocardial Infarction) 100% of Face Amount
Major Organ Failure 100% of Face Amount
Stroke 100% of Face Amount
Health Screening Benefit
Insured
Spouse
(n/a for Children)

Up to $50 Per Calendar Year
Up to $50 Per Calendar Year
Face Amount for Spouse 50% of Face Amount for Named Insured
Face Amount for Dependent Child 25% of Face Amount for Named Insured

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