Protection For Diagnosis Of Serious Illness Flashcards
1
Q
Level term stand alone CIC for both
A
Pays tax free sum or income if suffer CIC and survive 30 days
2
Q
Single life policies x2
A
Amounts needed in serious illness may differ
3
Q
Sum assured
A
To be agreed with mike/Shawna, sufficient to provide for family, home modifications and pay for treatment
4
Q
Guaranteed premiums
A
Ensures cost of plan
5
Q
WOP
A
Maintains policy in event of long term illness or disability
6
Q
ABI standards for CIC
A
Ensures best CIC policy bought
