Serious illness insurance dread disease insurance broker kassel

Serious illnesses such as cancer, multiple sclerosis, Alzheimer's or Parkinson's disease are a heavy blow for those affected and their relatives. No insurance is able to prevent the occurrence of diseases. Dread disease insurance helps to reduce financial consequences of the disease, however.

Which diseases are covered? For whom is the insurance suitable? Are there exclusion criteria? How high are the premiums? We have compiled the most important facts for you.

The Dread Disease insurance

Dread Disease means "serious illness, Therefore, the Dread Disease insurance is also known as "serious illness insurance" known. Since the most common insured events involve cancers, the term" Cancer insurance " enforced.

When a person falls ill with a serious illness, he and his family suddenly face unimagined challenges. The effects of the disease, the need for care and the fears of the person affected affect the family and the environment.

What if the sick person was the main breadwinner of the family? How can existing loans be serviced? How can necessary renovation measures in the house or a move be financed??

With a serious illness insurance a financial protection can be created. What is the difference between dread disease insurance. The occupational disability insurance? Occupational disability insurance covers the loss of the ability to work. Pays an annuity in the event of occupational disability. A person is considered to be incapacitated if he or she is unable to work for more than six months.

Dread disease insurance specializes in coverage for serious illnesses, which are described in detail in the contract. The insurance does not pay an annuity, there is a single payment over the sum insured.

For all-round protection, we recommend combining occupational disability insurance with critical illness insurance.

Which illnesses are covered by Dread Disease insurance??

When you take out a dread disease insurance policy, you will receive a list of the insured illnesses.

Cancer is one of the most common serious illnesses. Also the number of heart attacks, strokes as well as dementia diseases is increasing. These diseases should be covered in a Dread Disease or. cancer insurance must be covered.

Here is a selection of the diseases that should be included in the Dread Disease insurance:

Your coverage against the financial consequences of a total of 68 illnesses

Which illnesses are not covered by the Dread Disease insurance policy? Especially mental illnesses such as depression. Burnout is not covered by the insurance. Skeletal and joint diseases such as herniated discs, rheumatism and osteoarthritis are usually also excluded. The reason for these exclusions is that these illnesses occur so frequently that the coverage cannot be realized economically for the insurance companies.

How is the payment made?

If one of the serious illnesses included in the contract is diagnosed, the insured person receives a one-time payment. In some cases, a waiting period must be waited before payment is made. These can be two weeks or more.

The policyholder can use the money freely according to his needs, regardless of whether he uses it to finance renovation measures or to cover loss of income.

Unlike occupational disability insurance, severe illness insurance does not include an annuity payment.

Health questions and waiting periods

The conclusion of a serious illness insurance requires the answering of health questions. These influence the amount of the annual sum.

In most cases, waiting periods of six months must be met before full insurance coverage takes effect.

For whom is the Dread Disease insurance useful?

The conclusion of a cancer insurance is suitable for

– Young families – High-income executives – Athletes – Employees without disability insurance – Families with high credit burdens (z. B. House building) – Self-employed and freelancers

AttentionEspecially for employees, who are denied the protection of an occupational disability insurance due to a previous illness, the conclusion of a cancer insurance is a possibility to at least reduce the financial consequences of an illness.

Amount of the insurance premiums

The amount of the insurance premiums of the cancer insurance depends on

– Entry age – Term – Sum insured – Pre-existing conditions

Heart attack as an example of a serious illness

If an employee suffers a heart attack, he could receive an agreed monthly pension payment from an occupational disability insurance policy during the period of rehabilitation measures. Depending on the severity of the infarction, experience shows that this affects a time frame of 6 to 24 months. If he is then able to resume his profession, payment of the benefit from the occupational disability insurance is discontinued. However, it is statistically proven that the majority of first-time infarcts do not lead to permanent disability.

In the case of a severe illness insurance, this employee would receive a one-time payment in the agreed amount after the diagnosis of a heart attack. This money is then freely available. Does not have to be repaid after recovery. Without this capital cushion, this employee could not, for example, cut back professionally. A new heart attack with significantly lower chances of survival would be the consequence.

Recovery phase after a serious illness

Conclusion

Dread disease insurance is a way to protect yourself and your family from financial cuts in the event of serious illness. Before taking out cancer insurance, which involves high insurance premiums, it is worthwhile to make a comparison and seek professional advice.

We will be happy to advise you and find the optimal coverage for you and your dependents from the multitude of insurance offers available.

Request a non-binding quote for a dread disease insurance today. We look forward to your inquiry.

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