Terminally Ill

Updated: 29 February 2024

What Does Terminally Ill Mean?

Terminally ill refers to the condition of a person who is expected to be deceased within a few months, or no more than a year, because of a serious disease or illness. Someone in this condition will find it difficult to purchase insurance for himself or herself.

Insuranceopedia Explains Terminally Ill

When a hospital or any health facility declares someone terminally ill, such as someone with cancer that has spread throughout the body, then it is a declaration that restoring the body to good health is an impossible task. Such a person is usually transferred to a hospice for palliative care.

If one is terminally ill, he or she will find it difficult to buy insurance because insurance companies find the condition very financially risky. But one can buy insurance to cover a terminal illness or disease when he or she is not yet afflicted by it.

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