Supplementary Insurance

Important to know

• Specific covered services, annual maximums, waiting periods, and provider networks vary by carrier and plan. Coverage details are determined by the policy contract.
• Insurance product guarantees are backed by the claims-paying ability of the issuing carrier.

Important to know

• Hospital indemnity is a limited benefit policy. It is not major medical insurance and is not a substitute for major medical coverage. Specific benefit amounts, qualifying events, and exclusions are determined by the policy contract.
• Pre-existing condition limitations and exclusions may apply during an initial period after the policy effective date. Specific terms vary by carrier and state.
• Insurance product guarantees are backed by the claims-paying ability of the issuing carrier.

Important to know

• Accident insurance is a limited benefit policy. It pays cash benefits for specified injuries from covered accidents only and is not a substitute for major medical coverage. Specific covered events, benefit schedules, and exclusions are determined by the policy contract.
• Insurance product guarantees are backed by the claims-paying ability of the issuing carrier.

Important to know

• Critical illness insurance is a limited benefit policy. It pays a lump-sum cash benefit for specifically defined covered conditions only and is not a substitute for major medical coverage, disability insurance, or life insurance.
• Pre-existing condition exclusions apply during an initial period after policy effective date. Specific exclusion periods, condition definitions, and benefit triggers vary by carrier and state insurance department requirements.
• Specific covered conditions, benefit amounts, payout structures, and exclusions are determined by the policy contract and applicable state insurance regulations.
• Insurance product guarantees are backed by the claims-paying ability of the issuing carrier.

Important to know

• Long-term care insurance is a complex contract. Specific covered services, benefit amounts, elimination periods, eligibility triggers, and inflation protection options are determined by the policy contract.
• Premiums on standalone LTC policies are not guaranteed for life and may increase over time, subject to carrier requests and state insurance department approval. Hybrid life-and-LTC products typically offer guaranteed premiums.
• Benefit eligibility typically requires inability to perform a defined number of activities of daily living, certified by a qualified medical professional, or a cognitive impairment diagnosis. Specific eligibility triggers and elimination periods are defined by the policy contract.
• Tax treatment of long-term care insurance premiums and benefits is conditional on current tax law, individual circumstances, and the policy meeting tax-qualified status. Consult qualified tax and legal professionals for guidance specific to your situation.
• Insurance product guarantees are backed by the claims-paying ability of the issuing carrier.