What Is Covered Under Dread Disease

Dread disease riders are added to life insurance policies to help cover the costs of a critical illness. Illnesses typically covered include cancer, kidney failure, organ transplant, a stroke, or heart attack. Benefits are usually paid to the policyholder in a lump sum.

What is considered dreaded disease?

A dread disease is an illness or disorder that significantly affects a person’s lifestyle, and includes, but is not limited to heart attacks, cancer, strokes and coronary artery bypass grafts. These four make up between 70% and 90% of all dread disease claims.

Is dread disease same as critical illness?

Although CI is the accepted generic term in the U.K., it s still known as a dread disease cover in other parts of the world, and as a trauma cover in Australia. Regardless of the name, to me, they all mean the same.