Continental American Insurance Company is located in, Columbia, South Carolina, United States, and is part of the Insurance Carriers Industry.
Continental American Insurance Company originally Carolina Continental Insurance Company was founded nearly 30 years ago in Columbia, South Carolina.
Best Continental American Insurance Company
- Aflac Group
- Mutual of Omaha
- Colonial Life Insurance
- Liberty Mutual Life Insurance
- AIG
- Assurity Life Insurance
- American Fidelity
Aflac Group – Supplemental Insurance for Individuals & Groups
Aflac receives the top nod because it excels in its offering of guaranteed issue critical illness insurance with no health questions asked before you enroll. This coverage is available for up to $20k.
Pros
- Guaranteed issue policies available with no health questions asked
- According to Aflac, most claims are paid out quickly, in around four days
- Major critical illnesses are covered, like cancer, stroke, and organ failure
- Complimentary coverage for dependent children
Cons
- Coverage amounts for guaranteed issue policies are lower than some competitors.
- You have to speak with an agent to get a quote.
- Some conditions, like non-invasive cancer or coronary artery bypass surgery, pay out less than your policy amount.
We chose Aflac as the best-guaranteed issue policy due to the fact you can enroll without having to answer any health questions, and your policy is guaranteed.
The company was founded in 1955 but has changed names and hands over the decades since then. Aflac critical illness insurance is underwritten by Continental American Insurance Company, which now has an A+ rating for financial strength.
Aflac critical illness coverage is written to pay out a lump sum in the event you are diagnosed with a critical illness like cancer, heart attack, stroke, kidney failure, skin cancer, and more.
You can also receive the cash payout of your policy if you need a bone marrow transplant or an organ transplant.
You can purchase a basic guaranteed issue policy with a coverage amount of $10,000, but you can also upgrade to an enhanced policy worth $20,000.
Also note that each dependent child is covered at 50% under your policy at no additional charge, making this coverage a good option if you are worried about your children’s health.
Mutual of Omaha Life Insurance – Finance, Medicare from Mutual of Omaha
We chose Mutual of Omaha as the provider with the most comprehensive benefits due to the additional conditions included in their critical illness insurance coverage, such as deafness, paralysis, and blindness.
You can also purchase optional riders to enhance your coverage, and you will receive a return of the premiums you paid upon death.
Pros
- Customize your policy with additional riders
- Buy coverage that lasts for 10 years or up to your lifetime
- Limited underwriting
Cons
- Some conditions, like coronary artery bypass surgery, only pay out 25% of your policy amount
- You have to work with an agent to get a quote
Mutual of Omaha excels when it comes to offering critical illness insurance for a broad range of conditions, and with select add-ons, you can purchase to make your coverage even more robust.
Founded in 1909, this provider has a long history of offering life insurance, long-term care insurance, annuities, and various investment products.
Mutual of Omaha also boasts an A+ rating for financial strength.
When it comes to critical illness insurance, this provider promises no surprises and the ability to renew your policy for your entire lifetime. Limited underwriting is also a major plus, and you can add all your dependents to your policy for a flat amount regardless of the number of children you have.
This policy also comes with a return of the premiums that you pay upon your death, which is a major benefit for your heirs.
You can also tailor your policy with optional riders, although the options available to you can depend on where you live, your age, and other factors.
Mutual of Omaha stands out due to the variety of conditions their critical illness coverage includes. For major conditions like cancer and stroke, Mutual of Omaha’s critical illness insurance covers blindness, paralysis, deafness, and more.
Colonial Life Insurance Company – Insurance for Life, Accident, Disability
We chose Colonial Life Insurance Company as the best for employers due to their critical illness policy offerings for employers who want to provide this coverage to their workers.
Employee coverage can be offered in a guaranteed issue format, meaning employees with health conditions could gain new protections.
This voluntary benefit plan can help employees feel more secure and appreciated while providing coverage that can shield them from catastrophic financial losses in the event of a critical illness.
Pros
- Policies cover heart attack, stroke, end-stage renal failure, and other critical illnesses depending on the design of your plan
- Coverage available for employees and their dependents
- Claims can be filed and managed online
- Employer plans do come with guaranteed issue options
Cons
- You have to work with an agent to get a quote and compare coverage
- Policy inclusions can vary depending on where you live and the plan you are offered
Employers who want to offer their workers critical illness coverage should explore Colonial Life Insurance Company and all they have to offer, especially considering employee coverage can be guaranteed.
Employee coverage is also portable, which is a huge benefit for workers who may not stay at the same job for their whole lives.
This provider was founded in 1937, and they have a long history of providing high-quality insurance products.
Group critical illness plans from this provider come with guaranteed issue options and limited underwriting, so you could potentially provide all of your workers with this important coverage.
Heart attacks, strokes, and renal failure are all covered, and additional conditions may be included depending on the plan you select.
A major benefit of group plans from Colonial Life is the fact that employers can give extra coverage for their dependents, and that some policies are portable, so employees can take them with them if they switch jobs.
Colonial Life also lets employees file and manage their claims online using the company portal for exceptional convenience.
Liberty Mutual – Customize your insurance coverage
We chose Liberty Mutual as the insurer with the best online application process due to the fact you can enter your information and get a free quote online. You can even fill out a basic application online and get coverage the same day.
Pros
- Compare pricing and apply for a policy online
- Coverage amounts to up to $50k available
- Buy coverage for as little as $12 per month
Cons
- Coverage is not available in Alaska, Iowa, Kansas, Mississippi, Montana, Nebraska, North Dakota, South Dakota, Virginia, and Wyoming
- Medical questions required during the application process
- Pre-existing conditions not covered
- A waiting period can apply before coverage beginsÂ
Liberty Mutual surpasses its competitors when it comes to getting a quote and applying online. You can answer some basic questions and find out if you are eligible in a matter of minutes and you can set up coverage as soon as you pay your premiums and sign the paperwork for your policy.
Critical illness insurance from Liberty Mutual automatically covers cancer, coronary artery bypass surgery, heart attack, organ transplant, and stroke, and additional illnesses may be covered depending on your state.
Note that insurance from Liberty Mutual is available in amounts up to $50k, which is higher than many competing critical illness policies offer.
You can purchase coverage for yourself and your family members, and you can receive a lump-sum payment upon diagnosis that you can use however you want.
AIG – Individuals & Families Insurance & Financial Services
With AIG CriticalCare Plus coverage, you can purchase coverage that lasts up to your entire lifetime with benefits amounts up to $500k, which makes it our choice as best for lifetime coverage.
Pros
- Buy coverage for 10 – 30 years, or your lifetime
- Coverage amounts to up to $500k available
- Tailor your coverage with additional riders
- Up to $50 in payments annually for a wide variety of medical tests
Cons
- Policies with coverage amounts over $100k require a medical exam
- You have to work with an agent to get a quote
AIG offers some of the most comprehensive lifetime coverage benefits with payment amounts up to $500k available.
This provider was founded in 1919, so AIG has a long history of offering life insurance and other insurance products that stand the test of time.
AIG critical care insurance provides coverage for a plethora of conditions ranging from invasive cancer to coma, heart attack, stroke, renal failure, and severe burns.
You can purchase additional riders that provide coverage for accidental death and dismemberment, or an extension of your benefits. You can also purchase an optional HIV rider if you are a medical professional.
We like the fact you can purchase coverage for up to $500k, but you should note that a medical exam is required for coverage amounts over $100k. Also, note that you can purchase coverage for your spouse and your dependent children.
Assurity Life Insurance
Assurity Life Insurance critical illness insurance stands out due to the fact there’s no waiting period for most coverage and procedures, which is why it is our top choice as best for no waiting period.
You won’t need a medical exam for most coverage amounts, either.
Pros
- No waiting period for most coverage and procedures
- Potential for no medical exam
- Coverage amounts up to $75k are available
Cons
- Coverage is not available in New York
- You have to work with an agent to get a quote
We chose Assurity Life Insurance due to the fact there is no waiting period for most coverage and procedures, and you may not need a medical exam. Assurity Life was founded in 1890, so it has been around for well over 100 years.
Coverage from this provider applies to a broad range of conditions including heart attack, coronary artery bypass surgery, angioplasty, stroke, invasive or non-invasive cancer, kidney failure, major organ transplant, advanced Alzheimer’s disease, paralysis, and coma.
Depending on where you live, you may also be able to purchase coverage for advanced conditions such as Advanced ALS, Advanced Parkinson’s Disease, blindness, deafness, benign brain tumors, and severe burns.
If you are a customer of Assurity Life, you will have the option to make a payment on your policy or file a claim through the company’s online portal.
When you file a claim, you can receive a cash payout for your policy amount right away, which can help you cover living expenses and bills so you can focus on your recovery.
American Fidelity – Employer Benefits Solutions
American Fidelity offers a unique recurrent diagnosis benefit that pays out 50% of your policy upon the second diagnosis of the same condition.
They also stand out due to their simplified underwriting policy with no medical exams required, making American Fidelity the insurer with the best recurrent diagnosis benefit.
Pros
- Simple underwriting with no medical exams
- Health screening benefit of $50 each year
- Recurrent diagnosis benefit
- You can file a claim online
Cons
Pre-existing conditions may not be covered
You must work with an agent to get a quote and coverage; some plans are only available through employers.
American Fidelity stands out due to their recurrent diagnosis benefit, which will pay 50% of the original policy amount if you are diagnosed with the same condition for a second time.
This company has been around since 1960 and has an A+ rating.
With American Fidelity, you may be able to get coverage without a medical exam, and coverage amounts from $10k to $30k are available.
You can also get up to $50 per year toward health screenings that might help you avoid a critical illness, and employer policies from this provider are portable, meaning you can take them with you wherever you go.
Another benefit of American Fidelity critical illness coverage is the fact this provider has its online portal where you can pay a bill, file a claim, and follow up on the claims process.
Just note that certain pre-existing conditions may bar you from getting coverage, depending on your unique policy details.
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