Navigation Links
Critical Illness Insurance: What You Need to Know
Date:9/24/2007

ONTARIO, Calif., Sept. 24 /PRNewswire/ -- Designed to fill gaps in existing insurance coverage or be a last stop if you can't afford major health insurance, critical illness coverage offers a lump-sum benefit that promises to be helpful when battling a major disease. This payment can be used for any aspect of the illness and does not have to be related to the illness you were diagnosed with, says Frank N. Darras, the nation's leading disability and long-term care insurance lawyer.

(Photo: http://www.newscom.com/cgi-bin/prnh/20070717/NYFNSC02 )

According to Darras, this insurance is not meant to supplant health, life or disability insurance. Rather, it is payment for sickness, specific kinds of treatment not ordinarily covered by traditional insurance. See http://www.darrasnews.com.

Sounds simple.

"Not so fast," warns Darras. "Before buying critical illness insurance; be prepared. Understand exactly what is covered. Critical illness policies include many claim hurdles, limitations and restrictions and benefits can be difficult to collect. Understand what the insurance company considers to be a life-threatening cancer and how the diagnosis is defined in the policy. If there is a family history of a certain illness, the policy may exclude it. There may be pre-existing condition provisions to worry about. If you satisfy claim requirements, when will you get paid?"

Darras suggests:

-- Survival Period: Days the insured must live following diagnosis, to

receive benefits.

-- Waiting Period: Days you must wait before benefits are paid.

-- Covered Illnesses: What specific illnesses are covered; are they paid

at 100%?

-- Conditions of Payment: Specific criteria that must be met before the

benefit is paid.

-- Benefit Reduction Age and Amount: Most policies maximum benefit drops

by 50% at age 65.

-- Return of Premium: Most policies refund premium less benefits paid only

upon the death of the insured.

-- Pre-existing Conditions: Pre-existing condition limitations vary.

Read the fine print.

-- Underwriting: Generally, simplified underwriting applies to policy

benefits less than $100,000; full underwriting applies to benefits over

$100,000.

-- Guaranteed Renewable "To Age": Most policies are guaranteed renewable;

some continue for life, others terminate at age 75-80.

-- Issue Ages: Generally 18-69; some companies have maximum issue ages of

65, 70 or 75.

-- Minimum and Maximum Benefit Amounts: $10,000 up to $1 million or more.

"Remember, make smart choices and get good, competent advice before you shell out your hard earned dollars," says Darras.

Visit http://www.darrasnews.com or call 800-458-4577. Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Frank N. Darras http://profnet.prnewswire.com/ud_public.jsp?userid=504585


'/>"/>
SOURCE Frank N. Darras
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Cells critical for asthma development found
2. Ultrasound Screening Could Improve The Outcome Of Critically ill Patients
3. Sleep Not Critical For Early Brain Development Of Baby Dolphins
4. Critically Ill Patients More At Risk Of Infection If Glucose Is Present In Their Lung Secretions
5. Dietary supplementation of Folic Acid Requires Critical Evaluation
6. Past President Narayanans Condition Still Critical
7. Bacterial infestation in food very critical!
8. Critical Decisions Have To Be Taken By Mothers Of Premature Babies
9. Heart Transplant Twin Recovering, But Brother Critical
10. Australia In Search Of A Better Way to Handle Critically Ill Patients and Balance Elective Surgery
11. Yeast Genome Unravels Genes Critical For Maintaining DNA Integrity
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... October 13, 2017 , ... ... Randall, PharmD ‘17, and Jennifer Huggins, PharmD ’17, along with clinical associate ... primary prevention of cardiovascular diseases during the 15th Annual Women’s Health Conference. ...
(Date:10/13/2017)... , ... October 13, 2017 , ... The Visiting Nurse ... Market. Featuring a collection of specialty vendors and unique items from across the nation, ... quality-focused health and wellness services offered by the VNA. The boutique will be ...
(Date:10/13/2017)... ... October 13, 2017 , ... Talented host, ... lowdown on sciatica in a new episode of "Success Files," which is an ... and innovation and investigates each subject in-depth with passion and integrity. , Sciatica ...
(Date:10/12/2017)... ... October 12, 2017 , ... First Healthcare Compliance ... management, will showcase a range of technology and learning solutions at the 68th ... and Expo to be held October 14–18, 2017 at the Mandalay Bay Resort ...
(Date:10/12/2017)... ... October 12, 2017 , ... IsoComforter, Inc. ( https://isocomforter.com ... introduction of an innovative new design of the shoulder pad. The shoulder pad ... comfort while controlling your pain while using cold therapy. By utilizing ice and water ...
Breaking Medicine News(10 mins):
(Date:10/2/2017)... Oct. 2, 2017 The Rebound mobile app is ... to reverse the tide of prescription drug addiction. The app ... medicine intake and stepping down their dosage in a safe, ... in December 2017; the first 100,000 people to sign up ... http://www.rebound-solution.com/ ...
(Date:9/27/2017)... 27, 2017  Commended for their devotion to personalized service, ... as number one in the South Florida Business Journal,s 50 ... 5000 yearly list, the national specialty pharmacy has found its ... will soon be honored by SFBJ as the 2017 ... Set to receive his award in October, Bardisa said ...
(Date:9/25/2017)... PROVIDENCE, R.I. , Sept. 25, 2017 /PRNewswire/ ... immunogenicity assessment, vaccine design, and immune-engineering today announced ... focused on the development of personalized therapeutic cancer ... and has provided exclusive access to enabling technologies ... MSc Eng., MBA will lead EpiVax Oncology as ...
Breaking Medicine Technology: