* BenefitPlaceTop Picks are based on our management's market
research, experience of our affiliates, materials provided by
Companies, and our discussions with Company's
Representatives. These are not recommendations to
utilize or purchase any specific Company, Program, Product or
Service. If you would like to be considered for listing,
please submit information to - max@benefitplace.biz or call
216.921.1583 for more information.
Critical Illness Plans (CI) - provides living benefit coverage upon the diagnosis of a critical illness regardless of treatment, actual expenses or other insurance coverage. Critical Illness coverage generally pays a lump sum if you are diagnosed with a specifically listed illness. These usually include:
Cancer Heart Attack
Stroke Renal Failure
Major Organ Transplant Terminal Illness
Total Disability Major Surgery
HIV - from transfusion Angioplasty
Multiple Sclerosis Parkinson's Disease
Major Burns Coma
These create a "Stop Gap Plan" between the financial risks of disability and death. The benefits are generally paid tax-free. It should be noted that most critical illness victims make a full recovery after a lengthy expensive treatment period. Long Term Care Insurance (LTCI) is often to restrictive and inflexible.