ACE Life(SM) Introduces SPECTRUM(SM) Group Critical Illness; Unmatched Group Critical Illness Protection in the Canadian Group Insurance Market



    TORONTO, Sept. 13 /CNW/ - ACE INA Life Insurance (ACE Life(SM)), an
operating division of the ACE Group of Companies, today announced the launch
of the SPECTRUM(SM) Group Critical Illness Insurance Plan. SPECTRUM(SM) Group
Critical Illness Insurance Plan features unique benefits exclusive to ACE
Life(SM), including second event and loss of independence, and offers
unmatched group critical illness coverage for unions, professional
associations and employers of all sizes.

    Product Highlights:
    
    -   Second event coverage

    -   Non-evidence maximums of up to $100,000

    -   No pre-existing conditions for groups over 300 lives

    -   Coverage for loss of independence

    -   Coverage for Ductal Carcinoma in Situ (DCIS)
    

    With advancements in medical science, employees who suffer a critical
illness will in all likelihood return to work. For example, the average length
of work absence following breast cancer diagnosis is six months(1). Second
event coverage allows an insured to be eligible for a second event covered
under the plan. The second enhancement, loss of independence, provides a
benefit if the insured requires assistance with the activities of daily
living.

    (1)Canadian Association Medical Journal - September 27, 2005 - Work
    absence after breast cancer diagnosis: a population based study.


    "The hidden cost of recovery is becoming more evident today as we all
know someone who has suffered through a critical illness and was faced with
mounting bills," said Terri Mitchell, Executive Vice President and Chief
Operations Officer, ACE Life(SM). "In today's sophisticated benefit market,
employers are seeking benefits with true lasting value and our second event
feature is a particularly attractive benefit."
    In support of the product launch, ACE Life(SM) will host several
educational seminars across Canada in September for its clients. Christopher
Longo, PhD and Assistant Professor from the DeGroote School of Business at
McMaster will deliver his report on the direct financial impact of cancer on
the average Canadian, with a specific view to the various out-of-pocket costs
associated with cancer treatment in Canada.
    The above is only a summary; the terms and conditions of the policy as
issued will apply. For more information on The SPECTRUM(SM) Group Critical
Illness Insurance Plan, please call Eddy Levy, Vice President, Sales and
Marketing, at (416) 594-3058.

    ACE Life(SM) refers to ACE INA Life Insurance, a  subsidiary of ACE
Limited (NYSE:   ACE). ACE Life(SM) provides life, accident and health insurance
products and services throughout Canada. Additional information on ACE
Life(SM) can be found at www.ace-ina-canada.com. The ACE Group of Companies
provides insurance and reinsurance for a diverse group of clients around the
world.





For further information:

For further information: Media Contact: Lynn Woodburn, Communications,
(416) 594-3032, lynn.woodburn@ace-ina.com

Organization Profile

ACE INA INSURANCE

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890