Terminally Ill
What Does Terminally Ill Mean?
Terminally ill refers to the condition of a person who is expected to pass away within a few months, or no more than a year, due to a serious disease or illness. Individuals in this condition may find it difficult to purchase insurance for themselves.
Insuranceopedia Explains Terminally Ill
When a hospital or healthcare facility declares someone terminally ill, such as a person with cancer that has spread throughout the body, it signifies that restoring the body to good health is no longer possible. In such cases, the person is typically transferred to a hospice for palliative care.
A terminally ill person may find it difficult to purchase insurance, as insurance companies consider the condition to be financially risky. However, one can purchase insurance to cover a terminal illness or disease before being diagnosed with it.
