Nice question. Insurance geniuses are betting on ‘Critical Illness Insurance' because according to studies a large section of US population is going to need the Critical Illness coverage to cope up with the rising medical costs. However, it is not very easy to qualify for it. You can't obtain coverage for any pre-existing condition. Therefore, it's likely to exclude health problems like- HIV, cancer, obesity or any other genetic diseases.
Although, there is no minimum age limit for purchasing the critical illness policy but some firms set 70 years as the maximum age limit to qualify for it. Additionally, the coverage will cease once you attain the age of 65 or 70 (depending upon the insurance company's policy). Juanita
Posted: Sat Sep 01, 2007 1:02 pm Post subject: policy values!
Hi Guys..
I think we have had this discussion sometime that some of the disability benefits are purely on the basis of listed critical illnesses. But we must remember one thing that for the critical illness benefits to be achieved from your disability coverage on that part of the policy value will be disbursed to you which is proportional to the extent of the said illness.
But for a critical illness policy, the entire policy value will be released to you! Hope you could guess that beforehand.. fatman
Posted: Sat Sep 01, 2007 1:05 pm Post subject: as soon as..
Hi all!
So, now its become easier for all of us to opt for a critical illness policy, rather than the common belief that for critical illness too we should rely on disability policies. And more so, when we know that as soon as one of the enlisted deceases are diagnosed, we are surely gonna get the full value! all the best! ShoppinMaster _________________ Register Now to have your Insurance queries solved.
