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Terminal Illness Insurance


Terminal Illness Insurance

What is the meaning of terminal illness in insurance?

Terminal Illness Insurance (known as Accelerated Death benefit in North America) pays out a capital sum if the policyholder is diagnosed with a terminal illness from which the policyholder is expected to die within 12 months of diagnosis, by a physician who specialises in that illness or condition.

Is cancer a terminal illness?

Terminal illness is an incurable disease that cannot be adequately treated and is reasonably expected to result in the death of the patient within a short period of time. This term is more commonly used for progressive diseases such as cancer or advanced heart disease than for trauma.

What is an example of a terminal illness?

For example, hospices also specializes in caring for terminal patients with:

  • heart failure,
  • chronic lung problems
  • kidney disease,
  • stroke,
  • AIDS,
  • neurological conditions like Parkinson's disease,
  • the last stages of Alzheimer's and similar conditions,
  • and other serious, terminal illnesses.

Can you get travel insurance if you have cancer?

But it's not impossible to arrange travel insurance if you have a pre-existing condition - and there are usually two options. Some mainstream insurers will agree to insure your trip, but will exclude cover for any claim that is related tocancer.

What is the life expectancy of someone with Stage 4 cancer?

Patients with stage 4 mesothelioma usually have a poorer prognosis than earlierstage patients. The median life expectancy for patients in stage 4 is around 12 months after the diagnosis is given. However, it is very important for patients to receive a second opinion to ensure their diagnosis is correct.