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As mentioned in the previous article, critical illness insurance is a type of insurance that will pay a tax free lump sum benefit to the insured if it is the diagnosis one of the critical illnesses covered by the policy. The benefit is designed to help policyholders maintain their quality of life and financial independence after suffer a fatal disease. In this article, we will give you definitions of disease that are covered in the policy.
Formulation medical needs is important for an objective assessment and claim consistency in the pricing of the product. Diagnosis often requires specialized tests interpreted by experts medical and definitions of technical conditions are covered and accurate.
The interpretations of the following conditions may vary between policies and insurance companies
1. Heart Attack
People who suffer a heart attack will sustain damage to the heart muscle. This causes what
a) Changes in the electrocardiogram (ECG) and
b) increase in cardiac output or heart enzymes.The chance finding electrocardiographic changes suggestive of an earlier silent heart attack is not covered.
2. Coronary Artery Disease requiring surgery (CABG)
The undergoing heart surgery to correct narrowing or blockage of one or more coronary arteries with bypass grafts. This excludes any non-surgical treatment.
3. Cancer
A malignant tumor characterized by uncontrolled growth and spread of malignant cells and invasion of tissue. This includes leukemia and Hodgkin's lymphoma. The stage of prostate cancer will be covered only if the diagnosis is made before the policy anniversary nearest the insured's life of 75 years.
No benefit will be paid if
a) A diagnosis of any kind cancer is made within90 days from the effective date of coverage or date of last reinstatement, or
b). Any symptom of medical problems begin within 90 days from the effective date of coverage or the date of last re-start any investigation leading to a diagnosis any type of cancer.
4. Stroke
Covers all 3mechanisms that cause strokes, including:
a. Thrombosis by an obstruction by a clot that has accumulated in the wall of a cerebral artery;
2. Embolization caused by an embolus (usually a clot), is swept into an artery in the brain causing the blockage;
c. Hemorrhage - caused by a ruptured blood vessel in or near the surface brain. Any incident, with symptoms lasting less than 24 hours is referred to as a transient ischemic attack and did not qualify for coverage under this definition.
5. Renal
ESRD due to any cause or causes, the life insured in peritoneal dialysis regular or hemodialysis or having had renal transplantation.
6. Sclerosis
Forms benign, chronic and acute multiple sclerosis covered by this definition. Multiple sclerosis is an extremely difficult condition to diagnose and usually takes a number of tests to exclude other possibilities before being confirmed. Neurological abnormalities, this should be evidenced by the typical symptoms of demyelination with damage resulting from brainstem or spinal cord.
7. Major Organ Transplantation
The true subject as a recipient of a heart transplant, lung, pancreas, kidney and bone marrow will be covered under the policy /
8. Blindness
Permanent loss of vision in both eyes, as was confirmed by an ophthalmologist registered with the government. The benefit will be paid regardless of the cause, disease or degeneration of the eye, optic nerve and of nerve pathways connecting the brain or the brain itself.
9. Deafness
Total loss, permanent and profound hearing loss in both ears with a hearing threshold of more than 90 decibels and confirmed by an otolaryngologist registered.
10. Alzheimer
The diagnosis by a doctor (that is, a neurologist or a psychiatrist certified copies) Insured life has Alzheimer's disease, and supported by a clear degeneration progessive disease.The life of the insured must submit the loss of intellectual capacity of memory impairment and trial. The disease progresses to severe loss of memory and death, usually within 10 years.
11. Paralysis
Total and permanent loss of use of two or more members for a continuous period of days after the event of rainfall during which there is no sign of improvement.
12. Parkinson's disease
The disease is progressive, degenerative central nervous system and characterized by muscle rigidity, tremors and slow movements. It comprises only idiopathic Parkinson's disease. "Idiopathic" means that the disease must have originated from an unknown cause Parkinson's disease, originating from taking certain drugs or toxic chemicals, etc. will be covered.
13. Occupational HIV Injury
The diagnosis of Human Immunodeficiency Virus (HIV), resulting from accidental injury during the insured occupation normal, which exposed the insured to HIV in the blood or body fluids.
Payment covered under this condition requires satisfaction of all of the following characteristics:
1. The accidental injury must be reported to the company within 14 days after its occurrence;
2. An HIV test should be taken within 14 days after the accidental injury and the result must be negative;
3. An HIV test should be taken between 90 days and 180 days after the accidental injury and the result must be positive;
4. HIV testing should be conducted by facilities approved by the Company;
5. All unintentional injuries are have been reported, investigated and documented in accordance with the guidelines of work;
6. The accidental injury must have occurred while the life insured was working in Canada or the United States.
No payment will be made if:
1. The Life Insured has decided not to offer any licensed vaccine protection HIV, or
2. The cure for HIV infection licensee became available before the accidental injury, or
3. HIV infection occurred as a result of non-accidental injury (including but not limited to sexual transmission or intravenous drug use).
For more information, visit my page at:
Kyle J. Norton
http://lifeanddisabitityinsuranceunderwriter.blogspot.com/
http://businessdisabilityinsurance.blogspot.com/
All rights reserved. Any reproducing of this article must have all the links intact.
I have been studying natural remedies for disease prevention for over 20 years and working as a financial consultant since 1990
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