Critical Illness


Modern medicine has greatly improved the odds of beating a critical illness. But the cost of that fight—while keeping up with everyday expenses—can put a strain on your finances. While most major medical plans help with care and treatment expenses, there are plenty of other costs that can add financial pressure to an already stressful situation. Select Benefits critical illness insurance can help.


How it works

If you are diagnosed with a covered condition after the policy is in effect, you will receive a lump-sum benefit payment based on the terms of your policy and the diagnosis. Benefits are paid directly to you and do not coordinate with any other insurance coverage you have.

Why critical illness insurance?

Critical illness insurance can provide some financial relief after a serious medical condition. Select Benefits critical illness insurance can be used for anything—whether it’s transportation, child care or other expenses—allowing you to concentrate on your recovery rather than your finances.


What’s covered?

Conditions are grouped into three categories. The maximum benefit you can receive from a category equals 100% of your benefit amount. If a diagnosed critical illness is paid at less than 100% of the benefit amount, you could receive an additional lump-sum benefit upon diagnosis of a different type of critical illness within the same category, up to the category maximum. Benefits of the same or different categories are subject to a separation period of 12 months between diagnoses.1,


Covered critical illness conditions % of benefit amount paid
Category 1 Invasive cancer 100%
  Minor cancer 25%
Category 2 • Heart attack • Stroke 100%
  Coronary artery disease needing surgery or angioplasty 25%
Category 3
  • Coma due to accident
  • Major organ failure
  • Occupational HIV
  • End-stage renal infection due to accident failure
  • Loss of sight
  • Paralysis due to accident
  • Loss of speech
  • Loss of hearing
  • Severe burns


* Due to accident or specified disease.


Covered conditions are paid at the amount shown in the policy until you reach your 70th birthday. At age 70, the benefit reduces to 50% of your coverage amount.