Critical Illness Insurance Overview

SM Putting Bene昀椀ts To Work For People Extra financial support in times of need New York Life Group Benefit Solutions Critical Illness insurance When faced with a major illness or disease, the last thing you should be worried about is your finances. Our critical illness insurance offers a lump-sum benefit to provide financial help during challenging health times, such as a heart attack, stroke or cancer diagnosis. You have control over how to use the money. Who is eligible for critical illness insurance? All active, Full-Time and Part-Time Employees of the Employer regularly working a minimum of 30 hours per week in the United States, who are citizens or permanent resident aliens of the United States. What is my coverage? Benefit amount Guaranteed issue amount* Multiple (benefit) payments** Employee $10,000 or $20,000 $20,000 100% of the Benefit Amount Spouse $5,000 or $10,000 $10,000 100% of the Benefit Amount Dependent Child(ren) $2,500 or $5,000 $5,000 100% of the Benefit Amount What are some of the covered conditions under this plan? Covered Conditions Stroke 100% Heart attack 100% Coronary artery disease (with bypass) 25% Coronary artery disease (with coronary intervention) 25% Major organ failure 100% End stage (renal) kidney failure 100% Invasive cancer 100% Non-invasive cancer 25% Skin cancer 2.5%