Supplemental Insurance Basics
What is a supplemental insurance first occurrence benefit?
A first occurrence benefit in supplemental insurance pays a lump sum when you are first diagnosed with a covered condition. The benefit is paid once per covered condition. First occurrence benefits are the most common type of critical illness and cancer insurance benefit.
Key Points
- First occurrence benefit: lump sum paid when first diagnosed with covered condition
- Paid once per covered condition
- Most common type of critical illness and cancer insurance benefit
- Benefit paid directly to you — use it for anything
- An independent agent can help you compare first occurrence benefit amounts