Assurity Launches Quick Issue Critical Illness Insurance

Assurity Life Insurance Company has introduced Quick Issue Critical Illness Insurance, a fast and affordable protection product designed to help customers manage the financial impact of serious health events. The coverage is streamlined for common conditions, aiming to simplify supplemental sales for agencies.

The insurance is available for individuals aged 18 to 64, with benefit amounts ranging from $5,000 to $50,000. It specifically covers cancer, heart attack, stroke, and advanced Alzheimer's disease, with no reduction in benefits as clients age. The product is intended to complement major medical insurance by helping to offset rising healthcare costs and high deductibles.

Assurity highlights a rapid application process with only five health questions, intended to facilitate easier and wider sales. Applications are processed through the company's digital FastTrack platform. UnYoung Botelho, Executive Vice President of Individual Sales and National Accounts at Assurity, stated that the new product offers agencies a way to increase per-client revenue while providing significant client value.

The Quick Issue Critical Illness Insurance is also available to eligible foreign resident clients. Assurity, established in 1890, operates as a mutual company and is a Certified B Corporation.