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Nearly $10 Million Dollars Paid In Benefits For Critical Illness.
Critical Illness, CAIC’s #1 product, has paid out almost $10 million dollars in benefits to hundreds of insureds who have been diagnosed with a critical illness. Over 30,000 health-screening benefits have been paid out under this plan as well. Here is a brief look at the amounts CAIC has paid out for Critical Illness claims through December of 2006:
Sum of Total Payments:
Cancer . . . . . . . . . . . . . . . . . . . . . . .6,201,400
Heart Attack . . . . . . . . . . . . . . . . . . .2,128,157
Stroke . . . . . . . . . . . . . . . . . . . . . . . . 841,807
Renal Failure . . . . . . . . . . . . . . . . . . . 467,424
Coronary Bypass . . . . . . . . . . . . . . . . .147,295
Major Organ Transplant . . . . . . . . . . . . .30,987
GRAND TOTAL . . . . . . . . . . . . . . . .$9,817,070
What many people do not realize is that a large percentage of these payments have been paid to the same people. With the unique Re-Occurrence and Additional Occurrence benefits built into the Critical Illness plan, insureds can collect the lump-sum payment multiple times in the event of multiple critical illness diagnoses. There is no need to cancel a policy after a claim has been paid as it is even more possible to have a second or even a third claim.
Strength in products
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