• 04
  Mar
  2010

• Term Insurance Also for Terminal Illness

  
  Filed Under: Blogging
  0 comments, add yours

Max Rubens is a troubled man. A U.S. citizen, he was stationed in Spain for five years, with no term life insurance. He was 30 years old and healthy, and the companies that he approached for life insurance denied his application because he would not be living in the United States.

Max also had purchased international travel insurance for one year—surely that would cover all the basic expenses? His wife, who still lived in the U.S., was financially independent, and looking for insurance seemed like a waste of time for Max.

A year later, Max finds himself with terminal cancer. Shattered, he knows that treatment for the cancer will soak up his and his wife’s savings, and will increase their debt as well. If only Max had looked a bit more, he might have found the IC+ Term Life Insurance plan to be very useful at this difficult time.

Term life insurance plans such as IC+ Term Life Insurance often come with a terminal illness benefit, which pays half the insured amount when a terminal illness is diagnosed. The condition is that there must be medical cause to believe that the plan holder has less than 12 months to live. It is worthwhile to take a look at term life insurance benefits even if you are healthy.