Critical illness insurance can really be of great help when you are suddenly struck by heart disease, cancer, or any other life-threatening ailment, which is why it is important for you to get this kind of insurance plan while you still can. Unlike your typical health insurance policy, those that cover critical illnesses have very stringent requirements before you can avail of them; so before you go out and talk with your local insurance agent, you need to educate yourself a bit more about this type of insurance plan.

Most people mistakenly think that their regular health insurance has them covered for all their medical needs; what they are not aware of is that their insurance policies do not cover dangerous illnesses. Heart disease and cancer are just some of the diseases that insurance companies tag as “critical” because they require extensive medical attention, meaning they would cost a lot of money to treat; hospitalization alone will cost thousands of dollars.

If you are unlucky enough to get diagnosed with a critical illness, the chances of you surviving and pulling through are quite high; the problem is that the medical expenses you have incurred will place you under massive debt. But if you have critical illness insurance, you need not worry about anything.

What diseases are not covered by, or have limited coverage from critical illness insurance?

– If you have a pre-existing condition that you have already received treatment for in the past, you will only be given limited coverage for that particular illness.

– In most cases, cancer that has been diagnosed more than 3 months after the effectively of the plan are covered. If you get diagnosed with cancer within 90 days, then your plan will get terminated and your premiums returned to you.

– Any injury as a result of mental illness, substance abuse, or self-inflicted injuries are not covered by critical illness insurance in Charlotte.

– Injuries resulting from participation in hazardous activities like extreme sports.

– Complications as a result of botched cosmetic surgery. However, if it is bacterial infection resulting from other forms of surgery, then it will get covered.

These are just some of the many things you need to know about critical illness insurance; for more information you should consult with your insurance agent and ask about the coverage of their insurance policies and how you can avail of them.