Do you want to know how much your critical illness claim should payout? Knowing what you’re owed before your claim is submitted can make the difference between a small amount and a large amount.
The payout of a claim is only partly based on your medical diagnosis. In addition, there are several other factors that determine the benefit, such as: life expectancy, future premiums, the actuarial discount and present value rates.
As examples:
- A 40-year-old man and a 60-year-old woman each have suffer a heart attack. Each are insured with 20-year term insurance. Their payout offers will be very different.
- Assuming two 45-year-old men each have a stroke. Man #1 has a term insurance policy while man #2 has an indexed universal life policy. Each will receive very different benefit offers.
- Female #1 and Female #2, both 50 years old, each has a whole life policy. Female # 1 is diagnosed with stage two breast cancer. Female #2 is diagnosed with stage 3 breast cancer. Each will receive substantially different claim offers.
Knowing what you’re entitled to keeps the insurer honest and helps protect you from low pay outs.
Get Your Free Critical Illness Claim Calculation
My Free Critical Illness Claim Calculator will analyze all the factors that’ll be evaluated for your critical illness claim and give you the result you should expect from your insurer.
Simple Steps to Get Your Claim Calculation:
- Send me an email (use the Get Free Consultation bubble on top right) or fax (866-885-4074) titled “My Free Critical Illness Claim Calculation”.
- Include your name and preferred contact method.
- I’ll respond back, ask some simple questions, and review the terms of the Claim Calculation provision of your policy.
- I’ll prepare and send you a fact-based calculation of your claim so you know what your insurer should be paying you.
Critical Illness Claim Support
Do you need help to file a critical illness claim? If it’s your first time you may have questions or feel overwhelmed by the process. That’s normal. I’ve filed hundreds of claims and understand the process better than anyone.
Your critical illness insurance may be part of your life insurance policy, a stand-alone policy or part of an employer group plan. In any case, getting your questions answered and your claim properly prepared before you file is very important. The insurer won’t offer the insight and help I can. They’ll give the impression they’ll take care of everything – but, they won’t.
Preparing a critical illness claim can be tricky and when not done properly. You’ll certainly face delays, a low offer or even a denial. An experienced critical illness claim advocate can make a huge difference in how much money you receive.
I have years of experience filing claims for my clients. I’ll prepare the documents, gather attending physician’s statements and submit the claim for all the benefits you’re entitled to. Stephen C. Burgess
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