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CRITICAL ILLNESS GLOSSARY
CRITICAL ILLNESS- THIS IS A POLICY FORM THAT PAYS A BENEFIT
AMOUNT UPON THE DIAGNOSIS OF AN INSURED CONDITION.
THE DIAGNOSIS MUST BE MADE AFTER THE EXPIRATION
OF THE WAITING PERIOD.
CONDITIONS THAT ARE DEEMED TO
BE "LIFE
ALTERING" CRITICAL ILLNESSES
ARE:
1- HEART ATTACK
2- STROKE
3- CANCER
4- ALZHEIMER'S DISEASE
5- MULTIPLE SCLEROSIS
6- END STAGE RENAL DISEASE
7- SEVERE CORONARY ARTERY OCCLUSION
A CRITICAL ILLNESS POLICY CAN
HELP TO COVER
THE ADDITIONAL COSTS ASSOCIATED
WITH DIAGNOSIS
AND TREATMENT OF ONE OF THE COVERED
CONDITIONS.
MOST PEOPLE HAVE MEDICAL INSURANCE
THAT PAY
MOST BUT NECESSARILY ALL COSTS.
IT CAN ALSO HELP TO OFFSET LOSS
OF INCOME
DUE TO TIME THAT MAY BE LOST
FROM WORK. EVEN
IF THERE IS A DISABILITY INCOME
PLAN IN FORCE,
IT USUALLY PAYS ONLY A PERCENTAGE
OF SALARY.
TO ORDER PROPOSAL
GLOSSARY INDEX
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