Facts & Articles On The Different Types Of Insurance

USIC Life Insurance to Launch New Product

San Juan, Puerto Rico (PRWEB) December 28, 2007 -- Today, United Surety & Indemnity Co. (USIC) launches Critical Illness Insurance, a new product that is now available through its sister company, USIC Life Insurance. Critical illnesses, as described by most insurance carriers, are diseases that threaten life; USIC's new product lists nine of them.

"This is a flexible product, complementary to life, health and long-term care insurance, which gives peace of mind to the insured and his or her family. When the insured is diagnosed with of one of the conditions included in his or her policy, he or she receives a lump sum according to the coverage purchased," said Frederick Millán, president of USIC and USIC Life Insurance. For instance, if the insured was covered for $20,000, he or she will receive that amount of money after the "survival period," which in this case is 30 days after the person was diagnosed. Coverage can be purchased in $10,000 increments up to $50,000.

The policy is sold in packages of three, five or all nine conditions. Basic coverage, which starts with a $10,000 coverage, includes coronary heart disease (heart attack), cancer and stroke, which -- in that order -- are the three leading causes of death among Americans, according to the American Heart Association and the American Cancer Society. Coronary bypass, kidney failure, multiple sclerosis, paralysis, blindness and deafness are the other six conditions considered under this product.

"When a family member becomes critically ill, he or she is no longer able to contribute an income to the household. Furthermore, the treatment of any of these conditions is extremely expensive. This takes a big toll on a family's finances and our product is designed to ease that situation," Millán said.

Best Doctors, an added-value item to critical illness insurance, is automatically included in USIC's policy and facilitates a network of approximately 50,000 physicians to provide a second opinion, if the insured wants one. "These are specialists from Harvard and other renowned practices around the world. Additionally, counseling and assistance is provided if the insured needs to travel away from home to treat his or her illness. USIC is the only local carrier to offer this feature in its critical illness insurance policy," said Millán.

Any adult, from 20 to 65 years old, qualifies for this product. Other requirements include medical history and pre-existing conditions. "When there is no pre-existing condition, we do what is called a simplified underwriting, but if there is each case is analyzed individually to determine eligibility," Millán explained.

In the United Kingdom, critical illness insurance is a well-established product often sold with life insurance and although it's relatively new to the U.S., its popularity has grown constantly for the past decade, according to Millán. "We expect the same results in Puerto Rico," he said.

###

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

Senior citizen term life insurance rates: types of term life insurance
Senior citizen term life insurance should be better option for you if you decide to get a term life insurance but before go for any term life insurance the first step should be to take care about the plan and other things which you are going to face in future. There are four types of term life insurance now further in that article we will discuss about these four types of term life insurance.

Term Life Insurance | Points To Consider Before Taking A Term Life Insurance Cover
Term life insurance is an insurance which takes care of your loved ones or your near ones after your death It takes care of your financial mess that you may have created and for which your family may have to suffer after your death

Term Life Insurance | Life Insurance is a Must For a Family Person
Are you a family oriented person and are really worried about your family and their future Are you the only person earning in the family

Term Life Insurance | Term Life Insurance Can Help Your Loved Ones In Future
There are many rules and regulations in life insurance policy, people just do not have the time to read about the policy and they just sign on the dotted line and accept the policy, however if you can give some time to read the policy properly and take complete knowledge about the policy, you can save make the right choice and save a good amount of money for you

Term Life Insurance - The Five Most Common Types Of Term Life Insurance Explained
Term Life Insurance is the lowest priced life insurance that is available to consumers. Unlike Whole Life Insurance, Term provides no Cash Value. This means that there are no funds building while you pay your insurance payments (premiums). Term is what is known as "pure" life insurance, with 100% of the premiums paid going toward the payment of your policy.

Term Life Insurance | Things To Consider When Buying A Term Life Insurance Policy
When a person decides to take a life insurance policy, there are many questions which come to his mind That is "What is a term life insurance policy

Term Life Insurance | What is Term Life Insurance
Of all the different options available in the market today, term life insurance is the least expensive and most commonly purchased type of safety policy This type of insurance policy is purchased against the death of the insured for a particular period of time, generally a particular number of years

Term Life Insurance | Life Insurance Helps You and Your Family in Dire Times
Why do I need a life insurance I am well off both financially and health wise

A Life Insurance Comparison: Whole Life Insurance Versus Term Life Insurance
What type of life insurance might fulfill your assurance needs This article is a life insurance comparison about whole life insurance versus term life insurance

Term Life Insurance | Investing In Term Life Insurance Benefits All
Term life insurance is also called term life assurance This life insurance is the original form of insurance and the intention is to provide only insurance cover and nothing else

Term Life Insurance | How Important Is The Term Life Insurance
There are many life insurance policies available in the market The cheapest out of it can be the term life insurance

Home Insurance Quote: Home & Renters Insurance
Home insurance comes with many responsibilities, one of which is to have adequate home insurance that not only protects you, but also your family If you rent a house or an apartment, renters insurance is also a good idea

Term Life Insurance Vs Bank Mortgage Insurance
Possibly most people today are aware of the great difference between term life insurance and bank mortgage insurance. People know that the bank owns the insurance (you don't) you have to pay for it (they don't) they are the beneficiary (your heirs are not) and it goes on and on.

Term Life Insurance | Term Life Insurance Policy A Must For Everyone
Today everyone needs to think about his or her life What if something will happen to him suddenly