The Basics of Critical Illness Insurance

Similar to all insurance policies, critical illness policies are subject to a bunch of stipulations. Not only do they only cover the conditions listed within the policy, they only cover them under the precise circumstances noted within the policy. A diagnosis of stroke, for instance, might not be enough to cover payment of the policy if the illness isn't life-threatening.

A diagnosis of other terminal diseases might not trigger a payment unless the neurological damage persists for over several days. Other limitations may include a selected number of days the insurance holder must be ill or must survive after diagnosis.

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