Employee Benefits / Workplace Benefits
Critical Illness Insurance

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When critical illnesses occur, your employees’ finances can still stay strong

Almost everybody knows someone who has suffered a critical medical condition, such as a heart attack, stroke, or cancer, making this a common occurrence. Such conditions can be financially draining for your employees, and can have a negative impact on your company’s productivity as a result.

While the average American family has about $3,800 in their savings account1, the average out-of-pocket medical cost for treating a critical illness can be prohibitive – $14,234 for a heart attack, for example.2 On top of that, employees with a serious illness generally have to pay for a flood of extra expenses that routinely accompany the circumstances.

Critical illness insurance is designed around a genuine need – paying for expenses that would not normally be covered any other way. In the event that covered employees and dependents are diagnosed with a critical illness, they’ll receive a lump sum payment, paid directly to them, regardless of any other existing insurance coverage. The employee can then determine how to spend that money. A list might include the many uncovered expenses related to medical treatment, such as co-pays and travel to a treatment center, in addition to non-medical expenses, such as child care, utilities, groceries, rent, mortgage, etc. In fact, there are no restrictions on the way employees use the payment. The intent is that, instead of being left with a stack of bills, your employee will have the ability to maintain a level of financial equilibrium through a potentially difficult time.

As an employer, offering critical illness insurance will provide you with a way to strengthen your employees’ financial security, while building an attractive benefits package. And you can offer this coverage affordably to employees at no additional cost to you.

1.7 M

Americans live in households that will declare bankruptcy due to their inability to pay their medical bills.3

15 M

American adults (ages 19–64) will use up all their savings to pay medical bills.4

Benefits of Guardian Critical Illness Insurance

  • Lump sum paid directly to your employees. We offer customizable, tiered coverage levels. Depending upon the company plan you choose, lump sum payments can reach $50,000.

  • Over 30 critical illnesses are covered, and each is separate. Your covered employees or dependents receive a separate lump-sum payment for each individual critical illness they may suffer.

  • Employee’s children are included. After coverage is obtained, future children are covered for conditions such as Down syndrome and cystic fibrosis, up to the maximum payment. No health questions are asked.

  • Ability to extend coverage. We offer “riders” that provide enhancements to the insurance contract. For example, we offer a Family Wellness Rider. This additional coverage encourages preventive checkups and exams (such as mammograms) by providing payments that offset the costs of common preventive procedures.  Another is the Hospital Admission benefit.  This option pays the employee up to $500 a day for hospital stays for any reason, other than the treatment of a critical illness.

Illnesses such as a heart attack or stroke are not only common – they can be expensive. Allow your employees to protect themselves financially.

Critical illness insurance covers up to 30 conditions, including*

  • Heart Attack/ Failure
  • Stroke
  • Arteriosclerosis
  • Invasive Cancer
  • Cancer In Situ
  • Benign Brain Tumor
  • Skin Cancer
  • Kidney Failure and Other Major Organ Failure
  • ALS (Lou Gehrig’s Disease)
  • Alzheimer’s Disease


At Guardian, we offer a full suite of benefits that can truly make a difference for your employees by protecting their income or savings, or even their health.  We focus on benefits, so you can focus on running your business.


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1 Statistic Brain, July 9, 2014

2 Critical Illness Insurance White Paper/Summer 2013, “Well-placed fears: workers’ perceptions of critical illness What every employer needs to know.” 

3, 4NerdWallet Health finds Medical Bankruptcy accounts for majority of personal bankruptcies,” March 26, 2014. 

*Your plan may require you pay a deductible before you receive benefits. After paying the deductible, the plan pays for your services up to the plan limit per year.

Guardian's Critical Illness Insurance is underwritten and issued by The Guardian Life Insurance Company of America, New York,  NY.  Products are not available in all states.  Policy limitations and exclusions apply.  Optional riders and/or features may incur additional costs.  Plan documents are the final arbiter of coverage. This policy provides limited benefits health insurance only.  It does not provide basic hospital, basic medical or major medical insurance as defined by the New York State Department of Financial Services. Policy Form #GC-C1-11, et al.   Family Wellness Rider #GC-R-CI-WELL-14; Hospital Admission Benefit #GC-R-CI-HA-14