Supplemental Insurance Basics
What is a supplemental insurance recurrence benefit?
A recurrence benefit in supplemental insurance pays an additional benefit if you are diagnosed with the same covered condition a second time after a specified period. For example, a cancer insurance policy may pay a second benefit if cancer recurs after 5 years of remission.
Key Points
- Recurrence benefit: additional benefit if covered condition recurs
- Typically requires a specified period of remission before recurrence benefit is payable
- Cancer insurance: may pay second benefit after 5 years of remission
- Critical illness insurance: may pay second benefit for same or different condition
- An independent agent can help you find policies with recurrence benefits