What is Term Life with Optional Critical Illness Plan?

Term Life insurance policy has been integrated with optional 50% cash out of benefit of Term Life due to occurrence of Critical Illness during the currency of the policy. Premiums on balance of 50% of Term Life policy drop due to payment of cash out due to critical illness. The assigned beneficiary of the Term Life policy gets the balance of 50% of benefit upon death of the Term Life policy holder. Provision (rider) of optional critical illness helps the policy holder to offset expenses during stage of critical illness.

UnitedHealthcare® offers two categories of Term Life insurance plans at entry into plan:

• 10-Year Plans: Issue age group is 18-59.
• 20-Year Plans: Issue age group is 18-49.
• Term Life Benefit: Available from $25,000 to $200,000.
• Eligibility for End Date: 75^th

Optional Critical Illness Cash Out

50% of the selected Term Life benefit is paid to the beneficiary upon diagnosis of critical illness in following situations after waiting period of 30 days of Effective Date.
Carcinoma in Site; Coma; Coronary Artery Bypass Graft; Heart Attack or Stroke; Life-threating Cancer (diagnosed more than 90 days after Effective Date of policy); Loss of Hearing, Speech, or Vision; Major Organ Transplant; Paralysis; Renal (kidney) Failure; Terminal Illness.

Details of Plans:  Open brochure here.

Exclusion and Limitations:   As given in the brochure.