Life Insurance for the Terminally-ill

Life Insurance for the Terminally-ill

http://insureme.us/life-insurance-terminally-ill/

One can never know when a life-threatening situation will come. If are diagnosed with a terminal illness or chronic illness, or you had an accident that left you in a critical condition, you have the option to make a financial decision that can make things better for you and your loved ones. Life insurance for the terminally ill typically pays out 50 to 80 percent of the policy’s face value, according to the Illinois Department of Insurance. Some states allow insurance companies allow policyholders who may not be terminally ill but have certain medical conditions like heart attack, Alzheimer’s disease or organ transplant. If you want your beneficiaries to receive the remainder, you must keep paying premiums to keep the policy in force.