CRITICAL ILLNESS INSURANCE: ESSENTIAL PRINCIPLES
Critical Illness Insurance (CI) is a type of insurance that provides you protection in case of critical, serious illness. The list of them you can see below:
- Alzheimer’s Disease
- Aortic Surgery
- Benign Brain Tumor
- Blindness
- Cancer
- Coma
- Deafness
- Heart Attack
- Heart Bypass Surgery
- Heart Valve Replacement
- Kidney Failure
- Loss of Independent Existence
- Loss of Limbs
- Loss of Speech
- Major Organ Transplant & Magor Organ Failure
- Motor Neuron Disease (ALS)
- Multiple Sclerosis
- Occupational HIV
- Paralysis
- Parkinson’s Disease
- Severe Burns
- Stroke
Critical Illness Insurance was introduced in 1992 and, thus, I can say that this type of insurance is relatively new. CI was originally developed in South Africa by Dr. Marius Bernard. He was brother of a well-known heart surgeon Christian Bernard. Later CI gained popularity in the Great Britain, continental Europe, and, since 1996, became available in North America. I should say that this type of insurance is very popular, because it protects directly the insured person.
The list of critical illness is constantly changing:
- In the UK, where CI has been popular for a long time, as many as 33 illnesses are covered by the policy.
- In Canada, the list of eligible illnesses presently includes 22 items.
So, this list is constantly expanded with new illnesses being included in the existing policies with no extra charges or conditions.
I like the words of Dr. Bernard about this type of insurance: “you need insurance not only because you are going to die but also because you are going to live.”
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Yours sincerely,
AlexSandra
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According to www.totrov.com