Health · Chapter 13 · Limited Policies — Illness Only
Specified (Dread) Disease Policy
Definition
Provides limited benefits for one specific disease, such as cancer or heart disease. Benefits are a scheduled, fixed-dollar amount tied to specified perils or medical procedures — e.g., hospital confinement or chemotherapy.
In plain English
A menu policy for one disease: each listed event or procedure pays its scheduled dollar amount.
Easy to confuse with
These are what this term gets tested against — if you can't tell them apart cold, drill the contrast.
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