Group Critical Illness Insurance

Why Do I Need Critical Illness Insurance?

Healthcare costs are constantly rising. This coverage can supplement your existing health insurance and help cover those hidden expenses that add up, like co-pays, deductibles, prescriptions, and treatment or travel to consult specialists. Most patients recovering from a critical illness need time off work as well. We can support you by offering:

• Simplified issue: answer only a few health questions; no physical exam or medical tests required
• Coverage amounts: up to $100,000 per critical illness ($200,000 for two separate, distinct illnesses)
• Flexible cash benefit: use at your own discretion
• No benefit cutbacks: your benefit amount will not decrease with age

AIIT-Endorsed Group Critical Illness Insurance can provide benefits for the following critical illnesses:

• Cancer
• Heart attack
• Major organ transplant
• Renal failure
• Stroke

Insureds may receive benefits for no more than two separate and distinct critical illnesses.* There is a limited benefit available, up to $25,000, for cancer in situ (a localized state). Please refer to the brochure for a detailed explanation of each critical illness covered.

*The second instance coverage is subject to a six-month waiting period after the first diagnosis.

The Good News. And the Not-So-Good News.

Life expectancy in the U.S. was 77.5 years in 2022.² With increased life expectancy, however, there are diseases and conditions that threaten health. Consider…

• About one in five heart attacks is silent—the damage is done, but the person is not aware of it.³
• About half of all Americans (47%) have at least one of the three risk factors (high blood pressure, high cholesterol, tobacco use) for heart disease.³
• Heart disease and stroke cost our health care system $214 billion per year.³

Current health statistics are sobering, we know. But staying informed is the best way to reduce fear and anxiety whether you're critically ill or vigorously healthy.

Eligibility

AI Members under age 70 may apply for themselves or for their spouse or domestic partners (also under age 70) for benefit amounts from $5,000 to $100,000 in $5,000 increments.* Spouse coverage must be less than or equal to member coverage.

*The covered person must survive for 15 days following the date of diagnosis to be eligible for benefits.

Carrier

This policy is underwritten by New York Life Insurance Company. This is a brief summary of benefits only and is subject to the terms of Group Policy No. G-13778-0. More information including features, costs, eligibility, renewability, limitations, and exclusions can be found in the brochure. Coverage may vary or may not be available in all states.

30-Day Free Look: If you're not completely satisfied with the terms of your Certificate of Insurance, you may return it, without claim, within 30 days. Your coverage will be invalidated and you will receive a full refund–no questions asked!

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¹"Social support: Tap this tool to beat stress," Mayo Clinic, Web. 29 August 2020.

²"Provisional Life Expectancy Estimates for 2022," Vital Statistics Rapid Release, CDC.gov, November 2023.

³National Center for Chronic Disease Prevention and Health Promotion. "Chronic Diseases in America." Centers for Disease Control and Prevention, 12 January 2021.

New York Life is licensed/authorized to transact business in all of the 50 United States, the District of Columbia, Puerto Rico, and Canada. However, not all group coverages it underwrites are available in all jurisdictions. Please check the applicable insurance brochures for current availability. New York Life's state of domicile is New York, and NAIC ID# is 66915

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The AIIT Group Critical Illness Insurance is Underwritten by:

New York Life Insurance Company
51 Madison Avenue
New York, NY 10010
under Group Policy No. G-13778-0
on Policy Form GMR-FACE/G-13778-0