{"id":1198,"date":"2017-03-28T12:13:47","date_gmt":"2017-03-28T10:13:47","guid":{"rendered":"https:\/\/www.namfisa.com.na\/educates\/?p=1198"},"modified":"2025-07-18T15:00:50","modified_gmt":"2025-07-18T13:00:50","slug":"declaration-of-a-chronic-disease-on-an-active-life-cover","status":"publish","type":"post","link":"https:\/\/www.namfisa.com.na\/educates\/declaration-of-a-chronic-disease-on-an-active-life-cover\/","title":{"rendered":"Declaration of a Chronic Disease on an Active Life Cover"},"content":{"rendered":"\t\t
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Understanding Life Insurance<\/h3><\/span><\/div>
Life insurance (or Life Assurance) is a contract between\nan insurance policyholder and an insurer or assurer,\nwhere the insurer promises to pay a chosen beneficiary\na sum of money (the benefit) in exchange for a premium,\nupon the insured event (such as death\/disability\/debility)\nof an insured person (often the policyholder). Depending on\nthe contract, other insured events such as life-threatening or\nchronic illness can also trigger payment.\n<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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  • <\/span>Death <\/li>
  • <\/span> Permanent disability <\/li>
  • <\/span>Terminal or chronic illness<\/li><\/ul><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    What Is a Chronic Illness?<\/h5><\/div>
    A chronic condition is a human health condition or disease that is persistent or otherwise long-lasting in its effects.
    \nCommon chronic diseases include:
    \n\u2013 arthritis
    \n\u2013 asthma
    \n\u2013 stroke
    \n\u2013 cancer
    \n\u2013 epilepsy
    \n\u2013 diabetes
    \n\u2013 viral diseases such as hepatitis C and HIV\/AIDS

    \n\nChronic diseases generally:
    \n\u2013 cannot be prevented by vaccines
    \n\u2013 cannot be cured by medication
    \n\u2013 do not just disappear

    \n\nHealth-damaging behaviors \u2013 particularly:
    \n\u2013 tobacco use
    \n\u2013 lack of physical activity
    \n\u2013 poor eating habits \u2013
    \nare major contributors to the leading chronic diseases.

    \n\nChronic diseases tend to become more common with age.\n<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    How does it work?<\/h5><\/div>
    When applying for life insurance, insurers may:<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    • <\/span>Ask for your medical history and lifestyle information <\/li>
    • <\/span>Require a medical examination to assess your health status <\/li>
    • <\/span>Use this information to calculate your premium<\/li><\/ul><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      <\/h5><\/div>
      People with chronic illnesses may face:<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      • <\/span>Higher premiums (called premium loading) <\/li>
      • <\/span>Or may be denied cover due to the higher risk<\/li><\/ul><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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        <\/h5><\/div>
        However, some insurers offer specialized life insurance policies designed for people with chronic illnesses.<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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        Terminal Illness Benefit<\/h5><\/div>
        Many life policies include a Terminal Illness Benefit, which pays out the full insured amount if you're diagnosed with a terminal illness.\n\u26a0\ufe0f If this benefit isn\u2019t included in your policy, claims related to a chronic illness may not be honored, especially if the illness is diagnosed after the policy starts.<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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        Important Tips for Policyholders<\/h5><\/div>
        <\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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        • <\/span>Review your policy to ensure it covers chronic and terminal illnesses. <\/li>
        • <\/span>Disclose all health conditions honestly when applying. <\/li>
        • <\/span>Inform your insurer immediately if you\u2019re diagnosed with a serious illness after your policy begins.<\/li><\/ul><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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          <\/h5><\/div>
          Life insurance provides financial security in difficult times \u2014 but only if you understand what\u2019s covered. Always read the fine print, ask about chronic illness benefits, and keep your insurer informed about your health.<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

          Understanding Life Insurance Life insurance (or Life Assurance) is a contract between an insurance policyholder and an insurer or assurer, where the insurer promises to pay a chosen beneficiary a<\/p>\n","protected":false},"author":1,"featured_media":1201,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"footnotes":""},"categories":[428],"tags":[],"class_list":["post-1198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-long-term-insuarence"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/posts\/1198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/comments?post=1198"}],"version-history":[{"count":7,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/posts\/1198\/revisions"}],"predecessor-version":[{"id":35644,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/posts\/1198\/revisions\/35644"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/media\/1201"}],"wp:attachment":[{"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/media?parent=1198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/categories?post=1198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/tags?post=1198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}