critical illness insurance the coverage that pays you for living afn39346_0206 critical illness...

Critical Illness Insurance

Critical Illness InsuranceThe coverage that pays you for living

AFN39346_0206

Critical Illness insurance is underwritten by Mutual of Omaha Insurance Company, Mutual of Omaha Plaza, Omaha, NE 68175. Critical Illness policy/certificate forms CI, CI1, CCI, CCI1 (in ID, CI-20145,CI1-20146; in OK, CI-19655, CI1-19656; in OR, CI-19913, CI1-19914; in PA,CI-19936, CI1-19937; in TX, CI-19753, CI1-19754) or state equivalent. This is a limited benefit health insurance policy/certificate. Exclusions, limitations and reductions apply. Rates and availability may vary by state.


Due to medical advancements• People live longer

• Average life expectancy at birth1

• 1900 - 47.3 years• 2002 - 77.3 years

1 National Center for Health Statistics - 2005; Table 27 - Life Expectancy at Birth


Due to medical advancements• More critical illnesses are diagnosed in the

United States• More than 1.37 million new cancer cases are

expected to be diagnosed in 20051

• Every 26 seconds someone suffers a coronary event2

• Every 45 seconds someone suffers a stroke2

1 2005 Cancer Facts & Figures, American Cancer Society

2 Heart Disease and Stroke Statistics - 2005 Update; American Heart Association


Due to medical advancements• People survive more critical illnesses

• The 5-year relative survival rate for all cancers combined is 64%1

• In 2003, the 1-year survival rate for heart transplants was 86.9%2

1 2005 Cancer Facts & Figures, American Cancer Society

2 Heart Disease and Stroke Statistics - 2005 Update; American Heart Association


Due to medical advancements• Survival has a price

• Costs like:• Loss of income• Out-of-network treatment• Experimental treatment• Transportation and lodging for family members

and loved ones during treatment• Child care, housekeeping and other domestic

assistance


Critical Illness insurance

meets a need not met by

traditional products…the

price of survival.


What is Critical Illness

Insurance?


What is Critical Illness Insurance?• Developed by Dr. Marius Barnard in 1983

• Critical Illness provides you with a tax-free1 lump-sum cash benefit when you’re diagnosed2 with one of the covered conditions providing you

Financial independence when you need it most

1 According to current tax laws. Consult your tax advisor.

2 As defined by the policy/certificate. Exclusions, limitations and reductions apply.


How do I use the cash benefit payment?• Critical Illness insurance is all about personal

choice…you may use the cash benefit payment on

Anything you wish


You may be thinking

“I already have health and

disability insurance, so why

do I need this?”


Traditional insurance won’t cover all the expenses related to a critical illness• Medical Insurance

• Pays for doctor visits and prescription drugs• Disability Insurance

• Pays a portion of income during a period of covered disability

• Life Insurance• Pays a beneficiary upon death


Who do you know who’s had:• …cancer• …a heart attack• …a stroke

Who planned to be on that list?


Now think about what a difference

a cash payment of $10,000,

$50,000, $100,000 or more would

have made to each person when

their condition was diagnosed.What difference would it make in your life?


What events may impact or change your life?

Event Are you Insured?

Stolen vehicle _______________

Home fire _______________

Home flood _______________

Death _______________

Diagnosis of heart attack or cancer _______________



from Mutual of Omaha

Insurance Company


Mutual of Omaha’s Critical Illness Insurance• Pays 100% of your maximum benefit amount

when you’re diagnosed1 with:• Life-Threatening Cancer

• Heart Attack

• Stroke

• Alzheimer’s Disease

• Deafness

• Multiple Sclerosis

• Major Organ Transplant - when registered with United Network of Organ Sharing (UNOS) Paralysis

• Renal (kidney) failure

• Blindness

1 As defined by the policy/certificate


Mutual of Omaha’s Critical Illness Insurance• Pays 25% of your maximum benefit amount

when you’re diagnosed1 with:• First Carcinoma in Situ

• First Coronary Angioplasty

• First Coronary Bypass Surgery

1 As defined by the policy/certificate


If 25% of policy benefit

amount is paid, your policy

still continues at a 75%

benefit amount - with a 25%

premium reduction


Return of Premium Feature1

• You’ll receive the lump-sum benefit upon diagnosis, or if you die while this coverage is in force, your beneficiary or your estate will receive either:• All paid premiums less benefits received; or• Nothing, if the benefits paid are equal to or

greater than the premiums paid

1 As defined by the policy/certificate. Not available in Florida.


Return of Premium Feature1

• In Georgia, if you die while this coverage is in force, your beneficiary or your estate will receive an amount equal to or less of:• Return of premium; or• The maximum benefit amount in force at the time

of death

1 As defined by the policy


Reduction of Benefits• The maximum benefit amount will be reduced

by 50% at age 65 or 5 years after the issue date if the insured is age 60 or older at policy/certificate issue • If the policy/certificate or certain riders pay a

portion of the maximum benefit amount, your maximum benefit amount and premium will be reduced accordingly


Exclusions and Limitations:This policy/certificate does not cover any loss of the Insured caused by the following:

(a) intentionally self-inflicted injury, while sane or insane (in CO and MO, while sane only);

(b) the use or intake of any drug, intoxicant or narcotic, other than as prescribed and administered by or in accordance with the instruction of a Legally Qualified Physician (not applicable in ID, OK, SC, SD and VT);

(c) the Insured’s operation of a motor vehicle while the Insured’s blood alcohol concentration is in excess of the legal limit in the state in which the incident occurs (not applicable in ID, OK, SC, SD and VT);

(d) committing or attempting to commit a felony;

(e) loss resulting from, or service in the armed forces or auxiliary units (in SC, loss resulting from, or service in the armed forces or auxiliary units – upon notice of entry into a service, the pro rata premium will be refunded;

(f) while engaging in an illegal occupation; or

(g) participating in a riot or insurrection.

(h) In ID, alcoholism or drug addiction.

(i) In OK, drug addiction.

(j) In OK, alcoholism.

(k) In SC, being intoxicated or under the influence of any narcotic unless taken on the advice of a Legally Qualified Physician.

This policy/certificate will cover only the following skin cancers:

(a) invasive malignant melanoma in the dermis or deeper, and

(b) skin malignancies that have become Life Threatening Cancers.

No benefits are payable for any medical conditions or surgical treatments other than the Critical Illness Insured Conditions defined in the policy/certificate.

If cancer is detected within the first 30 days following the policy/certificate issue date, the policy/certificate will be terminated and premiums paid will be returned (provisions may vary by state).


Questions?


Underwritten By:Mutual of Omaha Insurance Company

Mutual of Omaha Plaza

Omaha, NE 68175

mutualofomaha.com

Critical Illness policy/certificate forms CI, CI1, CCI, CCI1 (in ID, CI-20145,CI1-20146; in OK, CI-19655, CI1-19656; in OR, CI-19913, CI1-19914; in PA,CI-19936, CI1-19937; in TX, CI-19753, CI1-19754) or state equivalent. This is a limited benefit health insurance policy/certificate. Exclusions, limitations and reductions apply. Rates and availability may vary by state.

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