What critical illness insurance is
Critical illness insurance is a supplemental policy that pays a lump sum if you're diagnosed with a condition the policy covers, such as certain cancers, heart attack or stroke. You decide how to use the money: deductibles and copays, travel to a specialist, a mortgage payment or replacing lost income.
Who it fits
- People with a high deductible or large out-of-pocket maximum
- Families who rely on one income
- Anyone with a family history that worries them
- People who want a cash cushion so they can focus on recovery
How it works
You choose a benefit amount. If you're diagnosed with a covered condition after the policy is in force, the plan pays according to its terms. Depending on the plan:
- Covered conditions and definitions differ, so read how each plan defines a diagnosis
- Some plans pay a partial benefit for less severe conditions
- Waiting periods, exclusions and limits on pre-existing conditions may apply
- Some plans can pay again for a recurrence or a different covered condition
Why work with an independent broker
Critical illness plans vary in which conditions they cover and how they define them. Matt compares plans from the insurers he represents and explains what would and wouldn't trigger a payment. There is no cost to talk.
Questions about critical illness coverage? Matt is happy to help.
Call (704) 802-2523Request a reviewServing Mooresville and the Lake Norman area
Matt is based in Mooresville and works with people across Iredell County, the Lake Norman area and North Carolina, most often by phone.
Critical illness insurance is a supplemental, limited-benefit policy. Covered conditions, benefits, waiting periods, limitations, exclusions and availability vary by plan and state. It is not Medicare, not Medicare Supplement (Medigap) and not major medical coverage. The MacMillan Agency is not connected with or endorsed by the U.S. government or the federal Medicare program.