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:6/24/2016)... New York, NY (PRWEB) , ... June 24, ... ... lifestyle publication Haute Living, is proud to recognize Dr. Barry M. Weintraub as ... believes that “the most beautiful women in the world, and the most handsome ...
(Date:6/24/2016)... ... June 24, 2016 , ... ... the Frederick area economy by obtaining investment capital for emerging technology companies. ... years that have already resulted in more than a million dollars of capital ...
(Date:6/24/2016)... ... ... Venture Construction Group (VCG) sponsors Luke’s Wings 5th ... Woodmont Country Club at 1201 Rockville Pike, Rockville, Maryland, 20852. The event raised ... have been wounded in battle and their families. Venture Construction Group is a 2016 ...
(Date:6/24/2016)... ... 2016 , ... Advanced Plastic Surgery Institute ( http://www.advancedplasticsurgeryinstitute.com ), ... official Medspa Sponsor. Dr. Josh Olson, a board-certified plastic surgeon, owns the practice, ... says the decision to support the pageant in an official capacity is a ...
(Date:6/24/2016)... ... 2016 , ... To succeed under value-based payments, healthcare providers ... how to move forward, given the need to sustain current operations. PYA has ... an organization’s specific needs. , PYA Principal Martie Ross states, “Healthcare providers want ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... , June 24, 2016 The Academy of ... recommendations that would allow biopharmaceutical companies to ... entities that make formulary and coverage decisions, a move ... of new medicines. The recommendations address restrictions ... appear on the drug label, a prohibition that hinders ...
(Date:6/24/2016)... Mass. , June 24, 2016   Pulmatrix, ... pharmaceutical company developing innovative inhaled drugs, announced today that ... Russell Investments reconstituted its comprehensive set of ... "This is an important milestone for Pulmatrix," ... will increase shareholder awareness of our progress in developing ...
(Date:6/23/2016)... , June 23, 2016 Any dentist who has ... of the current process. Many of them do not even ... technical difficulties and high laboratory costs involved. And those who ... it at such a high cost that the majority of ... Dr. Parsa Zadeh , founder of Dental Evolutions ...
Breaking Medicine Technology: