CAIC

Continental American Insurance Company

Products

Disability Insurance

24-hour and Non-Occupational Coverage

  • Benefit period options: 3, 6, 12 or 24month
  • Income replacement up to 50% of salary
  • Benefit Amounts

Guaranteed Issue Available

  • Based on 20% participation
  • $750 to $2,500 monthly benefit based on risk class

Pre-existing Condition Benefit

  • Pays 50% of employee's monthly benefit for up to 6 weeks for a pre-existing condition, including pregnancy

Partial Disability Benefit

  • Pays 50% of employee's monthly benefit for up to 3 months for a partial disability (working no more than 4 hours per day)
Disability

Portable Coverage

  • Employees can continue coverage after leaving employment, as long as the master policy is in effect (with certain stipulations)

Waiver of Premium

  • Premium payments are waived after 90 days of total disability

Optional Critical Illness Rider

  • Pays double monthly benefit for up to 3 months if disability is due to covered critical illness: Internal Cancer, Heart Attack, Stroke, Major Organ Transplant and Renal Failure