Not exact matches
If you become sick (
cancer,
etc) and are no longer insurable and then lose your job (perhaps because you can no longer work because of you illness), you won't be able to get life
insurance.
For this reason,
insurance companies add the «Graded Death Benefit» clause to their final expense policies so that they can avoid insuring someone who is simply days away from dying from a natural cause (heart attack,
cancer, stroke,
etc,
etc...) Now, since nobody can predict an accidental cause of death such as a slip and fall, motor vehicle accident, victim of crime,
etc,
etc... these types of deaths would be immediately covered without needing to survive beyond the 2 or 3 year waiting period (the graded death benefit).
Blood pressure, cholesterol, history of
cancer, overweight, dangerous hobbies, foreign travel,
etc... Each of these conditions can make or break your life
insurance application.
So should the insured die from a natural cause (
cancer, heart attack, stroke,
etc, ect...) this particular
insurance carrier issues a full refund of all premiums paid by the insured to the insured's beneficiaries prior to the policy going fully in force.
If you get diagnosed with a critical illness such as
cancer, heart attack, renal failure, multiple sclerosis, paralysis
etc the
insurance company pays you the Sum Assured.