Critical Illness Insurance Sproutt Life Insurance, Commercial Loan Truerate Services
Critical Illness Insurance Sproutt Life Insurance, Commercial Loan Truerate Services

Critical Illness Insurance Sproutt Life Insurance

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Sproutt Life Insurance: Critical illness coverage is automatically included on most life insurance policies. It’s for people who may experience a medical emergency and need help paying medical costs.

“Can I add critical illness cover to my life insurance?”

Critical illness insurance is a policy that pays a direct lump-sum benefit that you can spend to pay for expenses not covered by other insurance. You can purchase it yourself or through your employer, or add it to your personal life insurance plan.

Critical Illness Insurance Sproutt Life Insurance

What is Critical Illness Insurance? Critical illness insurance is coverage designed to pay for the often high cost of treating a life-threatening condition like cancer, stroke, or heart attack. Diagnosis with a critical illness activates the policy benefit, giving the insured money to use for their medical expenses.

Critical illness insurance is also known as catastrophic illness insurance or critical care insurance.

Critical illness insurance as a standalone product

Treating a critical illness costs a lot of money, and some of the required care might not be covered by traditional health insurance. Critical illness insurance can step in to ensure you don’t face a sizable financial burden at the same time you’re dealing with a pressing health issue.

For this insurance to kick in, you need to be diagnosed with a qualifying illness, which usually includes things like:

  • Heart attack
  • Kidney failure
  • Sudden cardiac arrest
  • Stroke

With a qualifying diagnosis, these policies pay out a one-time lump sum. You can use that money for:

  1. Medical services and treatments your health insurance won’t cover
  2. Income replacement if you’re unable to work
  3. Transportation to and from treatment
  4. Any necessary modifications to your home

In fact, you can use the benefit from critical illness insurance however you want. You could even use it to take a bucket list trip.

Critical illness benefits in life insurance

While critical illness insurance is available as a standalone product, it’s often more cost-effective to add it as a benefit to your life insurance policy. You might have the option to add it for free or as a rider, which means you’ll pay slightly more for your policy with this benefit added.

When you tap this policy benefit because of a qualifying critical illness, you get a lump sum of money from your life insurance provider. They then reduce your death benefit by that amount, and you may be subject to fees or other costs at that point.

The main thing, though, is that the money (including any fees) comes from your death benefit. While that means leaving your beneficiaries with less when you pass away, it also means you won’t amass debt while you’re living. Plus, this benefit may enable you to access care that isn’t covered by health insurance but could make a significant difference in treating your critical illness.

no-exam life insurance sproutt life insurance

While standard life insurance policies require a medical exam and take a long time to underwrite your application, no exam life insurance without a physical exam, or life insurance without a health check can be obtained much quicker.

Standard life insurance policies typically require a medical exam, whereas no exam policies are term life insurance policies without a medical exam.

No exam life insurance is a great option for people who don’t have time to go to the doctor, who hate needles or who simply need to get life insurance quickly, with no waiting period.

Can you renegotiate life insurance?

The good news, though, is that you might be able to get a lower rate if your health has improved since you bought the policy. Many insurers allow for what is called a reconsideration or re-rating. The reconsideration process can be worth your while if your rate is lowered.

Commercial Loan Truerate Services

TrueRate’s mission is to transform CRE capital markets and investment sales outcomes by reducing transaction complexity. CRE transactions are punctuated by high-stakes, time sensitive decisions that are made in a backdrop of significant information opacity.

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TrueRate leverages strong relationships with leading sources of debt and equity capital to facilitate a streamlined process that results in optimized financing terms.

Our Capital Markets team has facilitated more than $23 billion in CRE financing, including $10 billion of multifamily deals. Our senior finance professionals have significant prior experience at leading firms including: Greystone, Dwight Capital, and Avison Young


TrueRate Investment Sales’ platform utilizes live CRE performance data to reach precise estimates of property’s current market value with minimal owner time investment.

This allows owners’ to make an informed decision on when to monetize their valuable CRE investments. Our Investment Sales team has sold over $250M in assets and come from firms such as: Marcus and Millichap and Meridian.


TrueRate uses real-time, leading-edge data to inform and improve how CRE sales and finance transactions should be valued and underwritten. The platform’s intuitive user interface enables accelerated sharing and data entry of transaction diligence that generate significant time savings for client, lender, and buyer in processing and managing information.

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