Chronic Illness
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To activate the rider, an insured person must be certified by a licensed health care practitioner to be considered a “chronically ill person.” One of the following health impairment criteria must be met for a period of at least 90 consecutive days:
1. The insured is unable to perform, without substantial assistance from another person, at least two of the Activities of Daily Living (ADLs): • Bathing • Eating • Continence • Toileting • Dressing • Transferring 2. The insured requires substantial supervision from threats to health and safety due to a severe cognitive impairment (similar to Alzheimer’s and other forms of irreversible dementia) that is measured by clinical evidence and standardized tests measuring: • Short-term or long-term memory • Orientation as to people, places or time, and • Deductive or abstract reasoning Once all criteria are met, monthly benefits may begin. |
What are the odds . . .
of actually having a chronic illness?
Don't most people have . . .
health insurance or Medicare to pay for something like this by the time it happens?
If you become chronically ill . . .
Which kind of treatment would you want: the cheapest available or the highest quality possible - will you have the financial freedom to make the choice?
¹ National Council on Aging, September 2014
² Medicare and You 2015, US Dept. of Health and Human Services
³ Fidelity Analysis August 16, 2016
of actually having a chronic illness?
- About 92% of older adults have at least one chronic disease and 77% have at least two¹
Don't most people have . . .
health insurance or Medicare to pay for something like this by the time it happens?
- Individuals may need long-term support and services at ANY age, and Medicare and most health insurance plans will NOT pay for them.²
If you become chronically ill . . .
Which kind of treatment would you want: the cheapest available or the highest quality possible - will you have the financial freedom to make the choice?
- The average couple retiring at 65 can expect to pay $260,000 to cover their health care costs.³
¹ National Council on Aging, September 2014
² Medicare and You 2015, US Dept. of Health and Human Services
³ Fidelity Analysis August 16, 2016
Did you know?
Every 34 seconds . . .
An American has a coronary event
75% of people . . .
Who suffer a heart attack survive at least three years
Every 40 seconds . . .
An American has a stroke
70% of people . . .
Who suffer a stroke survive at least three years
Healthcare costs . . .
For an average 65-year old couple retiring now equal $220,000 for out-of-pocket medical expenses throughout retirement
73% of respondents . . .
To a recent survey say serious health problems are their major worry about living to 100
Every 34 seconds . . .
An American has a coronary event
75% of people . . .
Who suffer a heart attack survive at least three years
Every 40 seconds . . .
An American has a stroke
70% of people . . .
Who suffer a stroke survive at least three years
Healthcare costs . . .
For an average 65-year old couple retiring now equal $220,000 for out-of-pocket medical expenses throughout retirement
73% of respondents . . .
To a recent survey say serious health problems are their major worry about living to 100
Getting Paid
The life insurance benefit will be reduced by each Accelerated Access Solution benefit amount paid to the policy owner.
At death, any remaining life insurance benefit will be paid to your policy beneficiary income-tax-free!
Chronic conditions do not need to be considered "life-long" or permanent in order to be eligible.