Sentences with phrase «qualifying illness»

The phrase "qualifying illness" means a specific medical condition or sickness that meets certain criteria in order for someone to be eligible for a particular benefit or assistance. Full definition
The amount of benefits paid for qualifying illnesses is linked to the life insurance policy death benefit.
The program would develop up to four outlets that would dispense medical marijuana to patients with qualifying illnesses.
New York State currently provides a medical marijuana program for people with certain qualifying illnesses, but there has been renewed discussion over legalizing adult recreational use in recent years as states like Colorado and Washington pave the way.
Politics trumped science, qualifying illnesses not yet clear, costs will be high, reform advocates say
The insured may also access a portion of the policy's death benefit funds if he or she contracts certain qualifying illnesses.
An accelerated death benefit rider simply gives you the option to receive a portion of the death benefit early if you're diagnosed with a qualifying illness.
Specifically, LTCI kicks in when a qualifying illness or injury prevents the insured from accomplishing 2 of 6 activities of daily living or the insured suffers a severe cognitive disability that puts the insured's safety in jeopardy, such as Alzheimer's Disease.
An accelerated death benefit rider simply gives you the option to receive a portion of the death benefit early if you're diagnosed with a qualifying illness.
Accelerated Access Solution — if you suffer a qualifying illness, this rider allows you to access your death benefit without being taxed.
If you suffer from a qualifying illness or injury, STD insurance provides income replacement to help you during a very stressful time, both emotionally and financially.
Therefore, when we refer to the term «critical illness insurance», it's going to describe the basic notion of paying into an insurance policy so money can be received if you were to suffer from a qualifying illness or injury listed in the policy itself.
In addition to traditional term life insurance, this product has «living benefits» that offer you the flexibility to receive accelerated death benefits during your lifetime if you suffer a qualifying illness.
This specific type of insurance is designed to provide payment of continual, periodic income in the absence of working income due to a qualifying illness or injury disability event.
An accelerated death benefit rider simply gives you the option to receive a portion of the death benefit early if you're diagnosed with a qualifying illness.
To qualify for a chronic illness, you would need to be certified by a licensed health practitioner in the last 12 months with a qualifying illness or physical condition that would prevent you from performing at least two «Activities of Daily Living», without substantial assistance or requires substantial supervision from another person to protect the Insured Person from threats to health and safety due to cognitive impairment.
These benefits allow insureds the ability to accelerate their death benefits if they suffer from a qualifying illness.
Should you be diagnosed with a qualifying illness, you will have available funds to help cover the often expensive costs associated with treatment and care.
These are benefits that allow seniors the ability to accelerate their death benefits if they suffer from a qualifying illness.
These features allow insureds the ability to accelerate their death benefits if they suffer from a qualifying illness.
Chronic and Terminal Illness ADB rider: accelerated death benefit rider allows you to access a portion of your death benefit if you are diagnosed with a qualifying illness or chronic condition.
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