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Oregon Carrier Adds Critical Illness Policy

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Regence Life and Health Insurance Company has started selling a product that can help protect workers against the cost of several major illnesses.

Regence Life, a unit of the Regence Group, Portland, Ore., says its new Critical Illness Protection policy will pay cash if insureds suffer from cancer, a heart attack, a stroke, end-stage kidney disease or quadriplegia, or if they need a major organ transplant.

Workers can buy the product at the worksite.