MedGuard

MedGuard - Critical Illness Coverage Plans

The MedGuard Plan provides lump sum benefit payments to the insured to help offset any out-of-pocket healthcare expenses or other household expenses if a covered critical health incident occurs in the future. Additionally, even if a covered critical health incident does not occur, 100% of the Plan’s benefit amount is paid to the named beneficiary upon the insured’s death. This unique and valuable MedGuard coverage is achieved by combining the Plan’s 5-year renewable term life benefit payable to the named beneficiary with a stated percentage of the Plan’s life benefit paid in a lump sum to the insured for covered critical illnesses, injuries, and surgeries. The life benefit is reduced by the amount of lump sum benefits paid.