An Association For Critical Illness Insurance May Be In The Works
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At a recent meeting in Chicago, 17 people representing 15 companies gathered informally to discuss whether the time is right to form a trade group focused on critical illness insurance.
The tentative name is the National Association for Critical Illness Insurance.
Whether the organization will become official is still uncertain, "but we did agree to plan another meeting for the fall to explore a final proposal," says Daniel R. Pisetsky, a CI marketer who is president of US Living Benefits, Manchester, Conn.
Pisetsky spearheaded the Chicago meeting with the assistance of Marcia Johnson, vice president-marketing communications at ING Life Group, Denver, Colo.
The Kraich Group, a Washington, D.C., association development firm, has been assisting in developing NACIIs structure and format.
Of the 15 companies attending the Chicago meeting, 12 are direct writers and three are reinsurers, Pisetsky says.
CI insurance pays a lump-sum benefit if the insured is diagnosed with one of several serious medical conditions; the patient can use the money to pay expenses or for any other purpose.
