A D&D insurance protects you from a broad range of illnesses considered to be critical. Examples of these are:
With most providers, this insurance covers around 50 illnesses and offers considerable financial compensation.
A D&D insurance is different from disability insurances. Regardless of whether you can continue working, the Dread-Disease-Policy offers a lump sum payment that can help you pay for treatment or care.
The payment is due when you suffer from an illness that is listed in your insurance contract. The waiting period is fairly short, in most cases the payout occurs within a month after the diagnosis is made.
Taking out a Dread-Disease-Policy should be considered if particularly grave illnesses are common in your family. In this case, a genetic predisposition for these illnesses may exist.
Furthermore, there are those who cannot take out disability insurance as a result of a pre-existing condition. Usually, the critical illness insurance will have a higher chance of being accepted by the provider.
Conclusion
A Dread-Disease-Policy should not replace disability insurance, but rather provide additional coverage. In a worst-case scenario, this insurance will support you and your family to retain your standard of living, even if you fall gravely ill. Whether you need this insurance depends on your financial and personal situation.
Feel free to reach out to us, together we can find the perfect protection for a situation that will hopefully never occur.
