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As a Lifemark employee you have the opportunity to purchase additional Critical Illness (CI) coverage for yourself and/or yourself and your dependent child(ren), with guaranteed issue amounts of $15,000 and $30,000. Additional coverage of $50,000 or $100,000 is available, subject to evidence of insurability.
You have the ability to purchase additional coverage for yourself, which includes coverage for your dependent children, if applicable. Alternatively you can cover yourself and your spouse, as well as your dependent children, if applicable.
The cost of your optional CI coverage is dependent on the amount of coverage chosen, your age, gender and smoker status. Payment of your optional CI premium is made through payroll deductions.
Options 6 through 9 require evidence of insurability. Should you choose one of these options you will automatically be enrolled in the highest guaranteed issue option (Option 4 or 5) and the increase to your chosen option will be set as pending until approved.
CI coverage provides a lump sum payment in the event that you or your eligible dependent(s) are diagnosed with one of the following covered conditions;
- Heart Attack
- Coronary Artery
Bypass Surgery
- Stroke
- Invasive Cancer
- Major Organ Failure
- Kidney Failure
- Paralysis
- Benign Brain Tumour
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- Coma
- Blindness
- Deafness
- Alzheimer's Disease
- Parkinson's Disease
- Multiple Sclerosis
- Aortic Surgery
- Severe Burns
- Loss of Speech
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Lifemark's CI coverage offers the following benefit conditions;
- no pre-existing condition clause (excluding prior diagnosis)
- no benefit waiting paid after diagnosis
- no survival period and cancer is not required to be life threatening
- multiple diagnosis are payable (if separated by 90 days)
- your benefit is fully portable at any age
- no termination age
For more information regarding your CI coverage please refer to your FlexLife Benefits Guide and your Allstate Benefits brochure.
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