Long-Term Disability & Critical Illness Coverage
Long-Term Disability
Protect your most valuable asset...your ability to make a living
Typically purchasing INDIVIDUAL DISABILITY coverage (outside of the workplace or employer-paid) is a challenge. It can be expensive, lots of tax returns to validate, heavy underwriting questions if you can even find it. Not with Breeze. Their online process is easy for anyone: independent business owners, gig workers, consultants, part-time workers...anyone (under the age of 60) who values their paycheck and wants peace-of-mind. Act now as your risk of being disabled is 25% (one in four) and you're 3 times more likely to get DISABLED (rather than die) during your working years.
How does it work?
One of the best components of building a custom disability policy for yourself with Breeze is the flexibility. You choose the MONTHLY TAX FREE BENEFIT (read below for coverage limits), WHEN you want the benefit to start (can be as soon as one month) and HOW LONG you will receive the benefit (could be 1, 5 or 10 years or even longer). Premiums are based your age on FOUR industry classes with no income verification under $4k a month
critical illness
How does it work?
Critical Illness is sometimes called a "Living Life Insurance Policy" because it will pay you a LUMP SUM benefit for the diagnosis of a covered critical illness. Issue Age up to age 70 and premiums are based on three:
- Age
- Gender
- Smoking Status
- Face Amount
What illnesses does it cover?
- Heart attack
- Major organ transplant
- Angioplasty
- Stroke
- Paralysis
- Coma
- Kidney (renal) failure
- Coronary artery bypass surgery
- Advanced Alzheimer's disease
- Invasive cancer
- Non-invasive cancer
How much coverage can I purchase?
Up to $75,000 with "simplified issue" and with fully underwritten coverage up to $500,000. Benefit will pay for a diagnosis as well as a "subsequent" benefit should you be diagnosed with one or more covered illnesses. For example, you buy $20k and get a heart attack, you receive $20k (tax free). Have a cancer diagnosis a few years later, receive another $20k!
My health isn't terrific. What are the health questions to qualify for Critical Illness?
The ideal client for Assurity's Critical Illness plan is between 18-70 years old with no more than one family member with a serious health condition. A cancer diagnosis within the past two years as well as bankruptcy or three moving violations in the past 10 years could inhibit the policy being issued.
What if I pass away from something other than the illnesses listed?
As a policyholder, if you pass away from a cause other than a specified critical illness, their premiums will be paid to their beneficiary. A return of premium rider is also available, which returns a percentage of premiums if the policy is canceled or lapses.
Does it cover Mental Illness and/or Substance Abuse??
Yes! One of the best parts about Assurity's Disability plan is that it will cover Mental/Nervous Disorders as well as Substance Abuse up to two years
Does the benefit reduce at age 70?
Yes, as is typical with many critical illness plans, the benefit will REDUCE to 50% of the face amount following the 70th birthday.
Does any of the approval process depend on my height and weight?
Yes, there is a height/weight guide/chart and know that the policy will either "issue" or "decline" (and if you answer any application questions with a "yes", the policy will decline
Are there any "waiting periods" ?
No benefits will be paid for diagnosis of invasive cancer or non-invasive cancer during the first 30 days of the policy. Coverage begin immediately for all other covered conditions (how great is that?)