20 Questions
What is the age range for individuals and children eligible for the policy?
18 to 90
What is the age range for individuals and children eligible for the policy?
18 to 90
What can the cash benefits from the policy be used to cover?
Medical expenses, lost income, car and mortgage payments, etc
What can the cash benefits from the policy be used to cover?
Medical expenses, lost income, car and mortgage payments, etc
What is the maximum lump sum benefit amount for cancer and heart attack/stroke coverage?
$75,000
What is the maximum lump sum benefit amount for cancer and heart attack/stroke coverage?
$75,000
What is the Ask Mayo Clinic service available to policyholders for?
24/7 health-related questions
What is the Ask Mayo Clinic service available to policyholders for?
24/7 health-related questions
What is the percentage of the chosen lump sum amount for cancer coverage that can be used for experimental treatment?
25%
What is the percentage of the chosen lump sum amount for cancer coverage that can be used for experimental treatment?
25%
What is the Benefit Builder Rider?
A rider that provides additional benefits
What is the Benefit Builder Rider?
A rider that provides additional benefits
What is the Recurrence Benefit Rider?
A rider that provides additional benefits
What is the Recurrence Benefit Rider?
A rider that provides additional benefits
What is the age limit for child riders?
25
What is the age limit for child riders?
25
What is the policy's renewal guarantee?
Guaranteed renewable for life
What is the policy's renewal guarantee?
Guaranteed renewable for life
What is the purpose of the Return of Premium Rider?
To provide premium refunds
What is the purpose of the Return of Premium Rider?
To provide premium refunds
Study Notes
- Cash benefits from the policy can be used to cover medical expenses, lost income, car and mortgage payments, etc.
- The lump sum benefit amount for cancer and heart attack/stroke coverage can range up to $75,000.
- The policy is available for individuals and children from ages 18 to 90.
- The policy is guaranteed renewable for life.
- Policyholders have access to Ask Mayo Clinic for 24/7 health-related questions.
- The policy includes an experimental treatment benefit of 25% of the chosen lump sum amount for cancer coverage.
- There are additional benefits available with the Benefit Builder Rider and Recurrence Benefit Rider.
- The policy can be supplemented with other riders, such as the Dental/Vision Rider and Child Coverage Riders.
- Coverage for child riders is available up to age 25.
- Premium refunds are available with the Return of Premium Rider.
"Test Your Knowledge: Do You Know the Key Benefits of a Critical Illness Insurance Policy?" Take this quiz to learn about the financial security and peace of mind that critical illness insurance can provide. From covering medical expenses to providing a lump sum benefit for cancer and heart attack/stroke coverage, this quiz will cover the essential features of a critical illness insurance policy. Get familiar with additional benefits, riders, and policy renewal options available to policyholders. Take the quiz and see how much you know about this
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