Definition of insurance against serious diseases

Definition of insurance against serious diseases

What is Critical Illness Insurance? Patients diagnosed with a critical illness insurance or critical illness insurance products insurance, the insurer (insurance company) have signed a contract, a lump sum of the insured (who lives Security major diseases) exemption disease of an insured person lists.

In Canada, critical illness insurance policies are usually paid within 30 days after the diagnosis of major diseases of the structure. To pay a franchise tax. This means that the total amount of insurance (for example, $ 100,000 or $ 250,000) paid to the policyholder as a single check. Critical sickness insurance policy or the requirements of the Canada Revenue Agency (CRA) is considered the benefits of good health, so a tax-free payment.

The most frequent being provided sickness policies of major diseases

The following list is the most common of all major diseases includedby list of insurance companies. Some companies may also have a more or less disease, with its list subject to conditions.
Alzheimer's disease
Aortic surgery
Aplastic anemia
Bacterial meningitis
Benign brain tumors
Blindness
Coma
Coronary artery bypass
Deaf
Heart attack
Heart valve replacement surgery
Renal
Fatal cancer
Mutilation
Loss of speech
Organ transplant waiting list
Organ transplant
Motor neuron disease
Multiple Sclerosis
Working HIV
Paralysis
Parkinson's disease
Severe burns
Blow

While this list may not include all the possible conditionyou may occur, which contains the most common ailments. 89% of all insurance claims against serious illness of four diseases, bypass surgery, heart attack, cancer and fatal stroke.

Miners cope with the disease and some of the costs

There's a little non-life threatening cancer or heart disease, and will not pay for critical illness cover. These conditions are usually (commonly used in general) partial payment from the insurer. Partial payment (usually commonly | often) 10% of total protection against serious diseases. Claim a portion of expenses, some insurance companies will reduce your total protection against serious diseases, you will enjoy together.

The following is a summary of the most common dividends, including conditions:

Early prostate cancer: the first stage prostate cancer in T1a and T1b period
Defined the presence of ductal carcinoma in situ of the breast biopsy confirmed invasive ductal breast cancer:
Superficial malignant melanoma: malignant melanoma of the skin has not yet penetrated the first layer of the skin.
Transluminal coronary angioplasty: interventional procedure to unblock or widen, resulting in the coronary arteries of blood to the heart.

The standard definition of a disease in Canada

Canadian insurance companies to define what insurance against serious diseases, which makes diagnosis of a serious penalty dividends. In 2005, all insurance companies at the Canadian Conference on serious diseases, the accepted definition of internationally recognized standards covering major diseases. This means that insurance and critical illness insurance in Canada on behalf of Canadian and international standards Medical Association standard definition of the disease. {Include standard test procedures and accepted the disease to confirm the diagnosis.

General diagnosis of the disease must by experts in the field, such as a cardiologist or oncologist. Once the diagnosis of serious illness is diagnosed by a Canadian doctor, immediately by the insurance company, which is the standard definition of major diseases in the medical community to accept.

Critical illness insurance is

Many people are concerned about the case to protect themselves and their families, major illness or injury, can seriously affect their financial planning and savings. Here are some basic statistics to all Canadians risk of serious disease:
Three developing deadly cancer in their lifetime
50% of all heart attack victims under 65 years
31% of all deaths in Canada are related to the heart
80% of people will spend their first heart attack
50,000 new stroke patients each year in Canada, 75% of people will leave disabled
We can not deny that the statistical risk is real. Correct the problem is that you think it is likely to happen to you, and if you want financial security? There are several ways you can take advantage of a serious sickness insurance:

The payment of the cost of health care in Canada
Repay the debt, such as mortgages and credit lines
Pay for support and additional medical recovery, such as home care
To replace the lost income working time
Such as changes in lifestyle rehabilitation funds to adapt to their disability
What is critical illness insurance on more rescuers

If you are interested in maintaining your finances and critical illness life, it may be your best choice for critical illness insurance. Answer this question, which is the case of critical illness insurance for your unique financial {| Terms'), please do not hesitate to contact the insurance rescuers.