Ads
Critical Illness Living Benefit
Term life insurance is an investment that does not generate monetary returns as long as the policy holder is alive. But there is one benefit that generates interest-free cash even if the applicant has not died.
The critical illness living benefit allows holders to avail a sum of money if they suffer from a cardiac arrest, stroke, malignant cancer, deafness, blindness, multiple sclerosis, kidney failure, paralysis, coronary artery surgery or any life-threatening illness during the term of the policy.
There are various conditions that have to be satisfied before obtaining this coverage. Not only must the applicant and his immediate family be healthy at the time of application, they should also have a history of good health.
--
Did you enjoy this post?
Comments
Post a comment
« Insurer Asked to Pay Up | Main | Is buying a Term Life Insurance a cheaper option? »
Syndicate
Comments