Cancer and Critical Illness
Critical illness policies are designed to provide a lump sum living benefit when a participant is diagnosed with cancer or suffers a heart attack, stroke or kidney disease. Coverage is available for firefighters and emergency service personnel, non-profits and employees of other various business groups. Forget about the red tape — benefits are paid regardless of the cause.
Conditions of Coverage:
- The coverage must be in effect for a covered person for at least 90 days prior to the diagnosis of the condition.
- The covered person must survive for a period of 30 days after the diagnosis (A VFIS Group Term Life Insurance Policy is intended to provide survivor benefits in the event the covered person does not survive).
- The covered person is under age 75 when first diagnosed with cancer.
- All members of an emergency service organization whose name appears on the roster submitted at policy inception will be considered covered persons.
- New members are eligible for coverage at the next anniversary date upon receipt of an updated roster.
- Coverage terminates on the policy expiration date when a member is no longer with the organization and therefore not listed on the renewal census.