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There are three categories covered under a MetLife Critical policy. Category one covers certain cancer related conditions. Under this category there is a full benefit, which is paid if the cancer is invasive and has spread to others parts of the body. The second, which is a partial benefit coverage, is a localized cancer, which has not spread. The third condition in category one, is bone marrow transplant. Category two covers heart related conditions, including heart attack, stroke, heart transplant, and coronary artery bypass graft. The third covered category called "certain other conditions", includes organ transplants (other than the previously mentioned), and kidney failure.
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Is a knee replacement covered by critical illness policies?
Yes and no. A standard critical illness policy would usually not cover knee and hip replacements. But all critical illness policies are different and it is possible to get a partial cover for knees and hips with some carriers.
What is the difference between health insurance policy and Critical illness policy?
A Health Insurance policy is a reimbursement of the medical expenses. Well Critical illness insurance is a benefit policy. Under a benefit policy upon the occurrence of an event, the insurance company pays the policyholder a lump sum amount. Under a Critical Illness policy, if the insured is diagnosed with any critical illness as specified in the policy.
What does a Critical Illness Policy generally cover?
The Critical Illness Policy is an insurance product, where the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the critical illnesses listed in the insurance policy.
What illnesses are usually covered under critical illness cover?
It is important to be aware exactly what is covered by any individual policy. In general, they cover a life threatening illness diagnosed during the policy term, where the patient survives more than 21 days from the diagnosis. Each policy will have a different range of included and excluded illnesses and conditions, but these will vary with product and insurer.
Where can I find information on critical illness insurance?
Critical illness insurance or critical illness cover is an insurance product, where the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the critical illnesses listed in the insurance policy.
What is the benefit of critical illness policy?
A critical illness insurance policy is triggered if you become diagnosed with and get treated for a stated illness for which the policy designated. An example would be a "cancer policy". It is not a major medical policy in that it does not come into play for generalized medical treatments or hospitalizations. Some major medical policies have limitations on treatments of various sorts like radiation in the case of cancer. Therefore, a cancer policy could provide benefits in excess of a major medical policy for those treatments.The first answer is incorrect in that no insurance policy provides unlimited benefits. Therefore, a person having a critical illness policy cannot "spend as much money as needed."
Proof of having had a policy with Metlife?
Looking for proof I had an old life policy
Are you covered for new illness updated on older policies?
It depends on the terms of the policy. Read your contract.
What is a 60 year old metlife insurance policy worth?
The value of a 60-year-old MetLife insurance policy would depend on the type of policy, its coverage amount, any accumulated cash value, and the terms outlined in the policy contract. It would be best to contact MetLife directly or review the policy documents to determine its current value.
What does critical illness insurance cover?
Critical illness insurance is a supplement to traditional medical and disability insurances. The benefits will vary with each individual insurance companies. Overall, it is a policy that will provide a lump sum payment to a person who has a critical illness which can include cancer, strokes or heart attacks. The money can be used to offset out of pocket expenses such as medical co-pays, transportation costs to treatment centers as well as child care.
Are health insurance companies responsible for illnesses diagnosed before policy expires?
Yes if the illness is covered on the plan policy but it will not be covered after the policy expires. Your question asks are health insurance companies "responsible" for illnesses diagnosed" before the policy expires. Actually they are not "responsible for the diagnosed illness. They are required to honor the details of the plan policy as to what they will cover for a treatment billed by a medical provider IF it is not an excluded treatment.
What exactly is a surrender endowment?
A surrender endowment is a type of life insurance policy that will pay a lump sum on death or after it expires. Sometimes the policy will pay out early if there is a critical illness.
