family-survival-systemWhat is Supplemental Insurance?

Supplemental Insurance, or Indemnity Policies, pay cash to you when you need it most.  It is insurance for daily living expenses.  When you’re sick or hurt, health insurance is only part of the solution.  Indemnity plans pay cash for you to use as you see fit, for the mortgage, rent, car payment, gas or food for the family, whatever is most important to you.  Some different types of Supplemental policies include:

Cancer Protection

No one wants to experience a cancer diagnosis, but the fact is that the risk of getting cancer is great. In the United States, men have slightly less than a one in two lifetime risk of developing cancer; for women, the risk is a little more than one in three (Cancer Facts and Figures 2009, American Cancer Society). Cancer insurance policies are designed to provide you with cash benefits. There are Lump Sum plans, and those that pay you based on your treatments.

Accident Protection

Stay ahead of the medical and out-of-pocket expenses that add up so quickly after an accidental injury – not just for emergency treatment, hospital stays and medical exams, but for other expenses you may face, such as transportation and lodging needs. When you have a covered accident, you receive cash benefits and you decide the best way to spend it.  It’s as simple as that.

Critical Illness Protection

A serious health event such as heart attack, end-stage renal failure or third-degree burns is not only a life-altering physical event, but a devastating financial one as well. Specified health event protection insurance may make all the difference by providing cash benefits as you concentrate on your recovery.  Covered health events also include: stroke, paralysis, major human organ transplant and coronary artery bypass surgery.

Short Term Disability

Disability often results in a loss of income.  A Short Term Disability policy will pay a percentage of your gross income for a period of time while you are disabled. Health and Life Strategies will help you select the right amount of disability insurance benefits for your needs, as well as the length of time they are payable.

Hospital Protection

No matter how good your medical insurance is, when you’re hospitalized for an injury or illness there will probably be medical expenses and out of pocket costs that aren’t covered. A hospital confinement indemnity insurance policy provides cash benefits to use as you see fit. The benefits are predetermined and paid regardless of any other insurance you have, and you have a choice of applying for basic to extensive hospital coverage. Whether you want a plan that provides hospitalization benefits only, or one that also addresses diagnostic procedures, outpatient surgery and ambulance transportation, Aflac can help.