What Does Your Critical Illness Insurance Cover?

​Critical Illness Insurance is a good way to plan for the future. It usually is not taken advantage of. That’s why it can be confusing for people to know what is covered and what is not. This article will help you discover what is and isn’t in your insurance.

Core Benefit Illnesses
Each insurance policy has a set of illnesses that can be fully claimed if you meet the insurer’s severity threshold. If you have an illness mentioned in the list but you do not meet the insurer’s maximum threshold, you should be able to get 25% of the insurance policy payout. 

Additionally, your insurance should stay if you make another illness claim after the first one. It means that you could still claim the full amount if the two illnesses reach the severity threshold of the insurer. 

How To Choose The Right Policy
The most important part of this policy is choosing the right one. People might sway towards a policy with more illnesses included, but this is not always the case. It would be best to consider what illness might affect you in the future and choose the policy for the relevant illnesses.

Granted, some illnesses are common and should be in everyone’s policy, such as:

• Multiple Sclerosis
• Cancer
• Heart Attack
• Stroke
• Permanent Disablement

Usually, these are included in all types of critical illness policies, but to make sure that you get informed about them.

What Qualifies As A Critical Illness?
To be clear, the qualifications for a critical illness would not be the same for all insurers. Your policy should clearly define what makes you eligible to claim full or partial insurance. If it is part of the core illness list and hits the severity threshold, you should be able to claim the full amount.

In Conclusion
Critical illness insurance is important for everyone and knowing what it covers is just as pivotal. It may help to research what insurance policies you want to claim in the future.

At Arnold, Bruce, & Doerfler Insurance, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (503) 222-1951 or Click Here to request a free quote.  Any coverage discussed is not guaranteed. Contact us today to go over your specific needs and we are happy to help you find a policy that works for you and your budget!