Serious Illness Insurance

If you have a serious illness and are unable to work, then you will be entitled to claim benefits under the Disability Support Pension scheme. But this benefit is only available for people who are able to work and do not have a serious illness. Serious illnesses include cancer, heart problems, mental health disorders such as schizophrenia and bipolar disorder, and eye conditions. Other benefits include the replacement wage and disability allowance.Click here for more details about Berufsunfähigkeitsversicherung Kassel

However, the cost of medical treatment, if it is required, can be high. There are many types of insurance to help with this outlay. The type of insurance you choose will depend on your circumstances, but all insurance policies will include the following benefits: a lump sum payment, or an annuity, if you become ill. It is also referred to as 'severe medical cover'. Most medical conditions that will prevent you from being able to work will not be covered by your insurance.

One form of life assurance insurance is called a 'peril' policy. This type of policy provides the benefit of immediate payment if you become ill or lose work, for example because of the illness. It does not provide cover for a long term treatment plan and does not replace the loss of income you would normally receive from benefits. This is often suitable for people who are financially supported through their employer, but cannot afford regular sickness pay, as well as providing protection against unexpected hospital bills.

A permanent life assurance policy pays you over the length of your life, as long as you are alive. This could be a policy that replaces a permanent annuity or a lump sum payment from a life assurance company. It should cover both the cost of living and any outgoings that may occur before the policy ends, including any funeral expenses.

In addition to these two main types of insurance policies, there are also other kinds available that could supplement your benefits. Some policies pay you benefits for a specified amount of time after a specific event has occurred, for example if you die in a car accident.

These benefits do not normally provide long term benefits, so they will not replace the loss of income you would otherwise receive, if you were unable to work. This is not intended for people who are unable to work for some other reason, or are unable to work through no fault of their own.