CBAC’s Critical Illness insurance offered through Mutual of Omaha provides financial support if you are diagnosed with a covered critical illness. Choose $10,000, $20,000, $30,000 or $40,000 in coverage. With your election, children are automatically covered for 25% of your benefit, up to $10,000.

When a diagnosis occurs, you will receive a cash benefit based on the percentage payable for the condition. You can spend the money on any uncovered medical expense, childcare, health care costs, mortgage payments/rent or home maintenance, replacement of lost income, utilities, groceries, etc. Spouse coverage is available at an equal or lesser value than your elected amount.

Covered illnesses include heart attack, heart transplant, stroke, ALS, advanced Alzheimer’s, advanced Parkinson’s, heart valve surgery, coronary artery bypass, aortic surgery, major organ transplant, end-stage renal failure, cancer, and more. When you reach age 70, the original amount of insurance will reduce to 50% for both you and your spouse.