Critical Illness Insurance
Critical Illness insurance provides a lump sum payment to provide financial support if you or your covered family member are diagnosed with a covered illness.
Enroll during Wells Fargo's Annual Benefits Enrollment or your initial enrollment period using the Wells Fargo Workday tool.
Lump sum payment for a covered illness provides support when you or your family may need it most.
Wells Fargo is providing Basic Critical Illness Insurance coverage to all regular and fixed term employees. Optional Critical Illness Insurance is also available.
Emotionally managing illnesses like cancer, a heart attack or stroke is hard enough. Financially managing the costs on top of this is often overwhelming. Critical illness insurance provides a lump sum payment for a covered illness to help you and your family with finances during a difficult time.
- You’ll receive a lump sum payment to use as you see fit.
- Use it for prescriptions, deductibles, co-payments, experimental/non-traditional treatments and even non-medical expenses like everyday bills.
- Critical illness insurance pays a benefit for a covered illness regardless of what your medical insurance may cover.
- Payments for a covered illness are made directly to you either by direct deposit or a check made payable to you.
Documents
Enrollment
Enroll during Wells Fargo's Annual Benefits Enrollment or your initial enrollment period using the Wells Fargo Workday tool.
1 Coverage is guaranteed provided (1) the employee is actively at work and (2) dependents are not subject to medical restrictions as set forth on the enrollment materials and in the Certificate. Some states require the insured to have medical coverage.
2 Please review the Outline of Coverage for information on which Covered Conditions are eligible for a Recurrence Benefit. There is a Benefit Suspension Period between recurrences of the same Covered Condition. We will not pay a benefit for a Covered Condition that is subject to a Benefit Suspension Period. If a Recurrence Benefit is payable for a Benign Brain Tumor or Cancer Covered Condition, we will not pay such benefit unless the covered person has not had symptoms of or been treated for the same tumor or cancer for which we paid a benefit during the Treatment Free Period.
CRITICAL ILLNESS INSURANCE (CII) FROM METLIFE IS A LIMITED BENEFIT GROUP INSURANCE POLICY. Like most group accident and health insurance policies, CII policies offered by MetLife contain certain exclusions, limitations and terms for keeping them in force. Product features and availability may vary by state. After a covered condition occurs, there is a benefit suspension period during which benefits will not be paid for a recurrence, except in the case of individuals covered under a New York certificate. Attained Age rates are based on 5-year age bands and will increase when a Covered Person reaches a new age band. A more detailed description of the benefits, limitations, and exclusions applicable can be found in the applicable Disclosure Statement or Outline of Coverage/Disclosure Document. For complete details of coverage and availability, please contact MetLife for more information. Benefits are underwritten by Metropolitan Life Insurance Company, New York, New York.
Critical Illness Insurance from MetLife is not intended to be a substitute for medical coverage providing benefits for medical treatment, including hospital, surgical and medical expenses. Critical Illness Insurance offered by MetLife does not provide reimbursement for such expenses.