The definition of a listed critical illness is most important in evaluating critical illness plans. Too often the salesperson (or buyer) will read the big print and ignore the actual definition of the illness.
Cancer is normally a covered item but some forms of cancer may pay a reduced amount.
Another issue is buy a plan that is a health policy, not a life insurance plan with a rider.
The main thing to look for in buying Critical Illness Insurance is the list of conditions that it covers. Most policies only pay in case the condition is life threatening and disabling. Thus, low stage cancer is usually excluded or pays a reduced benefit, even though cancer itself is a serious disease.
.JPG){kind=avatar}
Cancer is normally a covered item but some forms of cancer may pay a reduced amount.
Another issue is buy a plan that is a health policy, not a life insurance plan with a rider.