Turnkey Products
Critical Illness Insurance
Critical illness pays a lump sum in the event an insured is first diagnosed with a critical illness. It can be written on a group or individual basis. Unlike life insurance, the benefit under critical illness is a "living benefit" and is payable to the insured. The insured may spend this income in any manner whatsoever.
This product is designed to provide coverage in the event an insured is first diagnosed with one of the following critical illnesses:
- Heart Attack
- Life-threatening cancer
- Stroke
- Renal Failure
- Major Organ Transplant
Other conditions may also be covered.
This product is voluntary and offered through payroll deduction.
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Voluntary AD&D
Voluntary AD&D is written on a group basis with premium payable through payroll deduction. This product can cover employees, spouses and children.
Eligible groups are:
- Employer-Employee
- Affinity Groups
- Associations
- Credit Unions
- Financial Institutions
- Multiple Employer Trusts
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Workers Compensation Opt-Out
Several states allow employers and independent owner-operators to "opt-out" of the Workers Compensation system and become non-subscribers. These non-subscribers can purchase an insurance product such as Occupational Accident or Primary Employers Indemnity coverage. The staff at CSP have over 20 years of experience in this marketplace. We offer a wide array of services to our clients including product development and pricing, reserving and financial analysis, medical bill repricing, audit services and reinsurance placement. We are proud of our profitable track record for this line of business and our skills in this area could assist your company in bringing a similar product to market.
Accidental Death Annuity Benefits
When a person buys an annuity, it's usually to save for retirement. He does not expect to die prematurely. If the unexpected should occur, it will most likely be the result of an accident. In that case, an annuity offers no special benefit.
Accidental death annuity benefits provide an annuitant with a like amount of coverage in the event of accidental death. This provides the beneficiary with enough income to leave the annuity untouched, which in turn benefits the insurance company as well.
This product offers low cost protection to your valued annuitants.
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