You will find critical illness insurance as a sub category of life insurance. These types of insurances are all paid out in the shape of a lump sum payment to the person insured in the immediate aftermath of the received critical illness diagnosis. So what is considered to be a critical illness?
What types of illnesses are perceived to be critical illnesses?
If you have obtained a critical illness policy, you will receive coverage for illnesses like Alzheimer, AIDS, Parkinson, cancer, heart attacks, or Lou Gehrig’s Disease, which is better known as ALS. The coverage for these illnesses intends to give financial assistance to the recently diagnosed during a time in which they are no longer capable of working, while also having to deal with costly medical treatments, newly required medical devices, and potential also assistance in the form of nursing or attendant care.
Will I receive financial assistance immediately after my diagnosis?
There is a certain length of time after your initial diagnosis, during which your claim will not yet be paid out. This time period is referred to as the “survival period”, and its length varies depending on the type of critical illness you are diagnosed with.
What should I do if my claim for critical illness benefits has been denied?
Should you find yourself in a position in which your critical illness claim is denied, you will have a certain time span during which you can challenge the decision of your insurance company. Your chances of successfully appealing the decision and getting the compensation and financial assistance you are owed is always significantly increased when you reach out for legal guidance.
Choosing the right Injury Lawyer in Georgetown in these types of situations is of the essence. You will need a lawyer who is specialized on critical illness claims, and who has a track record of winning cases similar to yours. Furthermore, you will also need to be able to trust the lawyer you hire, since they will need to know personal details about your condition, your recovery, and your physical and mental state, in order to prove that you are in dire need of financial assistance through these benefits.
After you have been diagnosed with a critical illness, the last thing you should have to worry about and deal with is your insurance company. With the help of a lawyer, a lot of the correspondence and legalities will be taken off your shoulders so you can focusing on adjusting to the new change in your perspective and figure out how to move forward and work the new challenges into your routine and life.