Critical Illness Insurance Experts
Creating the American Association for Critical Illness Insurance
Critical Illness Insurance Industry Experts: A Little Background on AACII
In 2009, two critical illness insurance industry leaders suggested that an organization exclusively focused on creating awareness for critical illness insurance be established. These two individuals were Barry Eagle, then a vice president at Gen Re, and Ken Smith, then a senior executive at Assurity Insurance Company.
Jesse Slome agreed. Slome had successfully created the American Association for Long-Term Care Insurance (AALTCI) in 1998. AALTCI was effectively creating awareness for the value of long-term care insurance. Slome was organizing regional conferences for insurance professionals. He also organized a national industry conference.
The American Association for Critical Illness Insurance was established in 2009. Jesse Slome serves as the organization’s director. The mission of the organization is to create heightened awareness of the value of ci insurance and to support insurance professionals who market ci products.
In addition he founded and serves as director of the American Association for Medicare Supplement Insurance (AAMSI). AAMSI is the only national organization exclusively focused on Medigap insurance. Slome organizes the national Medigap industry conference.
Jesse Slome, Director of the American Association for Critical Illness Insurance
Jesse Slome is a passionate advocate for what he believes are “meaningful” insurance products. Those are defined as providing real value to the greatest number of consumers.
“Critical illness insurance is a unique form of protection. It wasn’t conceived of by insurance marketing execs. Neither was it created by actuaries who saw a potential for profit. The concept was created by an internationally renown heart surgeon, Dr. Marius Barnard. When I agreed to organize the association, I spoke with Dr. Barnard. His words sum it up better than I ever could. Modern medicine can cure major diseases. But most of the people and their families are financially devastated.
Around the world critical illness insurance has become a valued and accepted form of protection. My mission is to see the same happen in the United States.”
Links to key pages Slome recommends
I would like to recommend the following pages.
Videos posted focused on cancer-insurance and critical illness insurance. Including a video interview with Dr. Marius Barnard.
For reporters, prepared quotes for use
Reporters or bloggers may use any of the following quotes with attribution to Jesse Slome, director of the American Association for Critical Illness Insurance. A link to our website would be greatly appreciated!
Firstly, “Adults between 40 and 70 face a significant risk of a critical illness diagnosis.”
Secondly, “The vast majority of those diagnosed with cancer will survive. They won;t be able to say the same thing about their savings, their home or any retirement assets.”
Thirdly, “Over 500,000 Americans declare personal bankruptcy each year. Significantly most filings are the result of a health related issue. Surprisingly the majority had health insurance when the condition first occurred.”
Fourthly, “In your 40s and 50s you are far more likely to benefit from having critical illness insurance than you are from having life insurance.”
“Unquestionably consumers benefit when given options. Therefore we advocate for policies that have both a cancer-only and a comprehensive ci option.”
“Likewise we recommend policies that are priced based on specific risks. Thus one where non-smokers pay less than smokers. Because there’s no reason to subsidize someone else’s greater risk of disease.”
“Finally I recommend consumers consider protection equal to between six and 18 months of rent or mortgage payments.”