Cigna's Individual Life Insurance: What You Need To Know

Cigna offers a range of insurance products, including life insurance. The company provides Medicare Supplement Plans (also known as Medigap plans), disability insurance, health insurance, accident insurance, and life insurance. Cigna's life insurance plans are designed to meet the needs of individuals at different life stages, with options for both employees and employers. Their plans offer value to customers from day one, with access to a suite of programs and services available at any time. Cigna's life insurance plans can help provide financial support to individuals and their families in the event of premature death, covering current and future living expenses.

Cigna's Individual Whole Life Insurance

One of the key advantages of Cigna's Individual Whole Life Insurance is the flexibility it offers. The policy can be tailored to your needs and budget. It provides guaranteed premiums, meaning your premiums will remain unchanged throughout the policy's duration. Additionally, both you and your spouse can apply for policies and qualify for a 5% spousal premium discount.

The Individual Whole Life Insurance policy also accumulates a cash value starting in the third year, which can be accessed through a policy loan or cash surrender. For an additional premium, you can add an Accidental Death Benefit to Age 100 Rider, although availability may vary by state.

To summarize, Cigna's Individual Whole Life Insurance offers peace of mind and financial protection for individuals and their families. With its flexible options, guaranteed premiums, and additional benefits, it helps ensure that your loved ones will have the necessary resources to manage their expenses and maintain their financial stability after your passing.

Cigna's Medicare Supplement Insurance Policies

Cigna offers a range of Medicare Supplement Insurance Policies, also known as Medigap plans, to help cover out-of-pocket costs not included in Original Medicare. These policies can help pay for deductibles, copays, and coinsurance. Cigna's Medicare Supplement Insurance Plans offer:

• Discounts of up to 25% when applying with Cigna, including a 20% premium discount and an additional 5% discount for applying online.
• The freedom to choose any doctor or hospital that accepts Medicare, without the need for referrals in most cases.
• Coverage anywhere in the U.S. and, with some plans, for medical emergencies abroad.
• Guaranteed renewable policies, providing peace of mind that your policy cannot be canceled.

Cigna offers various Medicare Supplement Plan options, including:

• High Deductible Plan G: This plan offers the lowest monthly premiums and the same coverage as Plan G. The coverage kicks in after paying the calendar year deductible.
• Plan G: This plan features lower monthly premiums and predictable out-of-pocket costs. It includes up to $20 copays for doctor's visits and up to $50 for ER visits.
• Additional coverage for costs not covered by Original Medicare: This plan includes coverage for Part A (Hospital) and Part B (Medical) deductibles, ideal for those who need extra protection beyond Original Medicare.
• Plan F: This plan provides extensive coverage and the lowest out-of-pocket costs of all plans. It pays the Part B (Medical) calendar year deductible and is suitable for those expecting higher healthcare expenses.
• High Deductible Plan F: This plan offers the same coverage as Plan F but with a lower monthly premium. It is a good fit for those anticipating lower healthcare expenses.

Cigna's Accident, Critical Illness, and Hospital Indemnity Insurance

Cigna offers Accident, Critical Illness, and Hospital Indemnity Insurance as supplemental health plans for individuals and families. These plans provide additional financial protection for expenses that may not be covered by primary health insurance, such as out-of-pocket costs resulting from accidents, critical illnesses, or hospital stays.

Accident Insurance

Cigna's Accident Insurance pays for treatments or injuries resulting from a covered accident, including rehabilitation, transportation, childcare, and other expenses not covered by primary health insurance.

Critical Illness Insurance

The Critical Illness Insurance plan provides a lump-sum benefit for the diagnosis of a covered critical illness or specified event, such as a heart attack or stroke. This can help cover expenses like travel, room and board, transportation, childcare, or treatment options not covered by primary insurance.

Hospital Indemnity Insurance

Hospital Indemnity Insurance helps cover out-of-pocket expenses resulting from a covered hospitalization due to an injury or illness. It provides a fixed benefit dollar amount, which can be used for deductibles, coinsurance, copays, extended hospital stays, or household expenses. This policy can be customized with riders for additional coverage, such as the Accident Fixed Indemnity Rider, Cancer Recurrence Rider, and Heart Attack and Stroke Restoration Rider.

Cigna's supplemental health plans are designed to provide financial support and peace of mind during challenging times, ensuring that individuals and families can focus on their health and recovery without worrying about the financial burden.

Cigna's Life Insurance for employees

Cigna offers a range of insurance products for individuals and families, including health, dental, pharmacy, behavioural, and voluntary benefits. They also offer supplemental insurance policies that provide additional coverage and cash benefits for unexpected life events such as cancer treatment, hospitalisation, stroke, heart attack, accidents, and life insurance.

Cigna's life insurance policies are designed to help individuals and families plan for the future and provide financial support for their loved ones after they're gone. The Whole Life insurance policy includes a Terminal Illness Accelerated Benefit Rider, which provides additional funds for medical expenses or financial needs in the event of a terminal illness diagnosis. The policy also offers flexibility, allowing individuals to choose a base policy with a maximum death benefit ranging from $2,000 to $25,000. It accumulates cash value starting in the third year, which can be accessed through a policy loan or cash surrender.

The life insurance policy is available for individuals aged 50-85 and can include coverage for spouses. It provides peace of mind by helping families cover final expenses, including funeral costs, protecting their nest egg, contributing to a grandchild's education, donating to charities, and paying off outstanding mortgages or loans.

Cigna's life insurance plans are tailored to meet the needs and budgets of their customers, with guaranteed premiums that will not increase. The company also offers a 5% spousal premium discount when both spouses apply for policies simultaneously.

In addition to the Whole Life insurance policy, Cigna also offers a Modified Benefit Plan for individuals who do not qualify for the Level Benefit Plan. This plan provides adjusted levels of coverage for the first two years of the policy.

Cigna's life insurance products are designed to provide financial security and flexibility for individuals and families, ensuring that their loved ones are taken care of during difficult times.

Cigna's Life Insurance for employers

Cigna offers a range of insurance plans for individuals and families, including life insurance. While the focus of this answer is on Cigna's life insurance for employers, it is worth noting that Cigna's life insurance plans are insured by Loyal American Life Insurance Company.

Cigna offers life insurance plans for employers, which can provide coverage for medical, dental, pharmacy, behavioral, and supplemental health benefits. These plans are designed to help employees and their families with their healthcare needs, including coverage for cancer treatment, hospitalization, stroke, accidents, and life insurance.

Cigna's life insurance plans for employers offer:

• Virtual care starting at $0 for eligible preventive care.
• $0 preventive care with no cost-sharing.
• Tools to look up in-network doctors and covered prescription drugs.
• Additional coverage options that can be purchased separately.

Cigna's life insurance plans for employers aim to provide comprehensive coverage and flexibility to meet the diverse needs of employees and their families. The company's commitment to diversity, equity, and inclusion is reflected in its insurance offerings, empowering individuals to make informed decisions about their healthcare.

Cigna's website provides resources for individuals and families to explore coverage options, learn about different types of insurance plans, and make informed decisions about their healthcare. The company also offers a myCigna® account, which provides 24/7 access to digital ID cards, online doctor visits, claims information, and coverage details.

In conclusion, Cigna's life insurance plans for employers offer a range of benefits, including medical, dental, and pharmacy coverage, as well as supplemental policies for unexpected events. Cigna's commitment to empowering individuals through diverse perspectives and different ways of thinking guides their insurance offerings. The company provides resources and tools to help employers and employees navigate their healthcare journey and make informed decisions.

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