Wednesday, December 28, 2011

The Advantages of the serious-illness-insurance

Summary: This article gives us the benefits of the serious-illness-insurance and it really provides a great opportunity for the people to avail all these.
The Serious-illness-insurance policy is one kind of insurance policy product in which the policy holder is given a huge sum of money which comes in the contract period under various circumstances and situations. Under this serious illness insurance when the patient is being diagnosed with a serious illness or disease this law becomes applicable under various cases. For the protection of life people need various proper insurance plans which suit their needs and the net asset value and a shelter above your head throughout the life time. When the policy people checks the list of the seriousness of the illness then they allows for the regular monthly payments and money to the bearer. Many life insurance companies are also offering the serious-illness-insurance cover which pays a huge sum of money ranging from five thousand to fifty thousand US dollars on the first diagnosis of the disease. A lot of health insurance companies are offering the health benefit up to three times of the life insurance policy.
The Serious-illness-insurance is pretty less expensive as compared to any other insurance policy cover. People sometimes get over confident and they are only concerned about their huge income returns but when people invest in any kind of insurance polic then they are quite curious and anxious about the investment returns. People still think that illness will not happen to them. This is so sad but often true that every day thousands of people suffer from major illness and diseases and the numbers too are increasing day by day. If people tend to purchase the rider then they can also avail the death benefit policy which is in addition to the tax free benefits along with so many benefits and the advantages. Some of the insurance cover states that the individual have to be alive for some minimum amount of time just after the correct diagnosis of the disease.
The minimum amount of the time period which is there for the people to remain alive is called as the survival period although this time period differs from so many company to company but in most of the cases it is one month. The serious-illness-insurance is also referred to as the crisis cash or the living assurance. The major illnesses and the diseases are the cancer, heart stroke, the by-pass surgery, Alzheimer’s disease, paralysis, HIV or the AIDS, the Parkinson’s disease and many more.

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