Thursday, Feb. 1, 2018
Contact: Chris Spittal
810.220.4608
mediarequests@yourlifesecure.com
Contact: Chris Spittal
810.220.4608
mediarequests@yourlifesecure.com
New coverage provides lump-sum
benefit to ease financial strain during a serious illness
BRIGHTON, Mich. – LifeSecure
Insurance Company has launched Critical Illness insurance, the latest addition
to its suite of supplemental health solutions that help consumers offset
out-of-pocket medical costs and other related expenses. The product is now
available to individuals, families, and employers and their employees in 16
states with additional states soon to follow.
“When a heart attack, cancer or other
major illness strikes, all too often the illness is only part of the battle due
to the cost of treatment,” said LifeSecure President and CEO Kevin Stutler.
“This important coverage will help families protect their finances and provide
the support they need to focus on recovery.”
In 2016, the direct medical costs
related to cardiovascular disease in the United States totaled $316 billion –
more than any other disease, including Alzheimer’s and diabetes . In 2015, the
direct medical costs for cancer were $80.2 billion . And while the cost of
treating such diseases continues to rise, about one-third of
Americans struggle
to pay their medical bills, including those with health insurance, while 27
percent delay or skip getting the health care they need due to cost .
LifeSecure’s Critical Illness
insurance provides a lump-sum payment between $5,000 and $50,000 for individual
coverage, and $10,000, $15,000, or $20,000 for worksite coverage. Policyholders
can use their benefits for any reason that may help, including to offset
deductibles, co-insurance and other medical costs like out-of-network expenses,
or for daily bills and living expenses, lost wages, or travel and
transportation costs.
Other key plan features include:
•Coverage for nine major illnesses,
including heart attack, stroke, invasive cancer and skin cancer
•An unlimited lifetime benefit maximum – benefits can be used more than once to cover the re-occurrence of a disease and the subsequent diagnosis of a different covered condition
•A Health Screening Benefit as a standard feature for individual coverage; optional for worksite coverage
•Coverage for the whole family - including a spouse or partner and dependent children
•An unlimited lifetime benefit maximum – benefits can be used more than once to cover the re-occurrence of a disease and the subsequent diagnosis of a different covered condition
•A Health Screening Benefit as a standard feature for individual coverage; optional for worksite coverage
•Coverage for the whole family - including a spouse or partner and dependent children
“We believe insurance should be easy
to understand, effortless to buy, and simple to use,” Stutler said. “This
product continues our commitment to offering straightforward, yet comprehensive
benefits that families can rely on when they’re needed the most.”
To learn more, visit YourLifeSecure.com.
About LifeSecure Insurance Company
Based in Brighton, Mich., LifeSecure Insurance Company is dedicated to its
mission of delivering an exceptional insurance experience. The company offers
supplemental health and long term care insurance products. LifeSecure is
licensed in 46 states and the District of Columbia. Additional information is
available at YourLifeSecure.com.
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