|
|
Article: Critical illness plans are standalones or riders.
- Article from:
- National Underwriter Life & Health-Financial Services Edition
- Article date:
- September 9, 1996
- Author:
CopyrightCOPYRIGHT 1996 The National Underwriter Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Think about how many friends, relatives and clients you've known who have been stricken with a critical illness. Now think about how many of those same friends, relatives and clients who were financially devastated by that illness.
The need for financial protection in case of critical illness is obvious, and now there is finally a product that meets this urgent need.
What is it? How does it work? Where is it being sold successfully?
Critical illness insurance typically pays a lump sum living benefit upon diagnosis of a covered critical illness, regardless of the prognosis of the insured. Some covered conditions include heart attack, stroke, life ...