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Can you get a life insurance policy if you have terminal cancer?
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∙ 13y ago
yez
Wiki User
∙ 13y ago
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When you get approved for a life insurance policy can the premium go up if you are diagnosed with a terminal disease?
NO!
Can burrow from your life insurance?
If your life insurance policy has cash value, you can borrow from the cash value inside. If you have a term policy with an accelerated death benefit rider then you may be able to borrow against the death benefit if you have a terminal illness.
What does Viatical settlements mean to life insurance?
Viatical settlements, or life settlements, are done when people have a terminal illness. In such a case, the person will sell their life insurance policy to obtain ready to use cash.
What are the rules for life assurance policy insurance?
The rules of life assurance policy insurance vary from provider to provider. The exact rules will be specific to the plan and coverage that you purchase. In general, these policies are payable upon death or diagnosis of a terminal illness.
It is not important to have a life insurance policy.?
It is not important to have a life insurance policy.
What is the executor on a life insurance policy?
The Policy Holder of a life insurance policy is the executor of the said policy.
Can life insurance company cancell your policy if diagnose with cancer afterwards?
No. If the insurance can find proof that you were already having Cancer at the time when the policy was taken and you deliberately hid the information, they can cancel your policy. Most insurance policies do not cover pre-existing illnesses. However, if the disease was genuinely diagnosed only after the policy was in force, then they cannot cancel it.
Would a life insurance company cancel a policy if someone is unable to pay premiums that is in the hopital with terminal cancer in an unconcious state?
Any life insurance policy can be cancelled by an insurance company for non-payment of premium. Check with the company to see if her policy contains a "waiver of premium" feature. If it does, she does not have to pay the premiums, and may even be entitled to a refund for premiums paid during her extended illness. Alternately, if her policy contains cash value or accumulated dividends, these may be used to pay premiums. Good luck
What is an accident based insurance policy?
The term "accident insurance" applies to life and health insurance policy's that will only pay claims that result from an accident. Example: A person who owns an accident-only disability policy falls ill from cancer. The policy will not pay any claims as a result of the cancer. If the same person fell down a flight of stairs, the policy would pay.
Will life insurance pay for cancer hospital bills?
Life insurance makes a single payment to the designated beneficiary for the entire amount of insurance. It does not pay addidtional amount for hospital bills or such. Don't confuse life and health insurance. Generally the hospital cannot make any claim on the life insurance payment made to the benificiary. Some life insurance policies have provisions that can make payments directly to the insured for part of the life insurance if the disease is terminal. The payments are at the request of the insured to use in any manner they desire.AnswerDepending on the insurance policy, a terminal patient may obtain funding to cover treatment while they are still alive. This is not a loan. After death, before the estate can pay out, the bills have to be paid.
Life Insurance Policy?
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Can you collect on a life insurance policy if you have a long term disability before death?
Not specifically for a long term disability, but you can collect if you have a terminal illness.
