Dearborn National(R) Introduces a Group Critical Illness Insurance Benefit

Mon Apr 18, 2011 10:00am EDT

* Reuters is not responsible for the content in this press release.

  CHICAGO, IL, Apr 18 (MARKET WIRE) -- 
Dearborn National(R) introduces a Group Critical Illness Insurance
Benefit that provides a lump sum cash payment to cover any expenses an
individual faces when suffering from a critical illness. The benefit is
offered to customers on an employer-paid or voluntary basis.

    "Our Critical Illness Benefit offers families a sense of comfort knowing
that, if faced with a critical illness, they can focus on what's
important -- treatment and recovery," said Craig Nordyke, vice president
and chief actuary at Dearborn National. "It fills gaps left by even the
best health and disability income plans."

    If the insured, or a covered family member, is diagnosed with one of the
covered critical illnesses, when the claim is approved, our Critical
Illness Benefit will pay a lump sum. The payment can then be used to
cover whatever expenses, medical or otherwise, need to be paid. Proof of
expenses is never required.

    Other highlights include:


--  Coverage on nearly a dozen covered conditions, including invasive
    cancer, heart attack, stroke and terminal illness.
--  A death benefit, since the Critical Illness Benefit is part of a group
    life insurance policy. Any remaining benefits will be paid to the
    qualifying beneficiary.
--  Benefits may be received for more than one critical illness, provided
    that the total of all benefits received does not exceed the total of
    the life insurance benefit amount.

    

"We're proud to offer a complete portfolio of benefit solutions that
meet the emerging needs of our customers. The launch of a Critical
Illness Benefit is timely given a focus on health care reform and a
changing economic landscape," added Nordyke.

    About Dearborn National(R)
 With more than 40 years of experience, the
Dearborn National brand companies offer a broad selection of insurance
products, including Group Benefits (employer-paid/voluntary), Worksite
and Individual, as well as an array of enhanced product services.
Combined, we are licensed in all 50 states, as well as the District of
Columbia, the U.S. Virgin Islands, the British Virgin Islands, Guam and
Puerto Rico. The parent company of the Dearborn National brand companies,
Health Care Service Corporation, a Mutual Legal Reserve Company, is the
largest non-investor owned health care insurer in the United States and
the fourth largest overall. 

    The Dearborn National brand companies include: Fort Dearborn Life
Insurance Company(R) (Downers Grove, Illinois) and Colorado Bankers Life
Insurance Company(R) (Greenwood Village, Colorado), both of which are not
licensed in and do not solicit business in New York. In New York, the
company is Fort Dearborn Life Insurance Company(R) of New York
(Pittsford, New York).

    For more information, please visit www.dearbornnational.com. 

    

Contact: 
John Myers
Senior Manager, Corporate Communications
(630)-824-5637
John_Myers@dearbornnational.com 

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