DREAD DISEASE INSURANCE

Changes in medical technology has meant that people are staying in hospital for shorter periods. Unfortunately their still may be some time before a person may be able to return to work.

Dread disease insurance pays a person either a lump sum or partial payment on the diagnosis of a life threatening illness. Examples include:
Cancers
Heart Attack
Stroke
Liver problems
Respiratory diseases
Renal failure

The degree to which a person is insured against diseases varies according to the insurance company and the type of policy.

Dread disease benefits either decrease the life cover, or are have no effect on the amount of life insurance if a claim is made.

Disease insurance is usually attached to a life insurance policy, but under new generation policies, can be brought separately.

Under older polices, the disease benefit would cease when the principal turned 60 or 65, under new polices the benefit is in force until the principal member dies. With newer policies the member has the option to multiple claim, where this was not possible with earlier policies.

Dreaded disease insurance polices are not affected by extreme sports. To get more information please contact Extreme Insurance.