Posted by (American Life Insurance Guide Net 05/19/2020 Irvine News) Allianz Life Insurance Company of North AmericaAnnounced that starting from May 2020, 5, California residents who apply for an index policy account will be able to receive the benefits of the "Chronic Illness Payment Clause".Simultaneously,For California insurance policies applied for before this period, you can apply for free of charge within the 60-day window period to add the benefit clause*.
What are the provisions of the chronic disease compensation before death?
Chronic Illness Accelerated Death Benefit Rider. The English name is Chronic Illness Accelerated Death Benefit Rider.
Allianz Life Insurance CompanyFor California residentsadditional terms, Can take out the compensation from the total death compensation in advance.The condition for claim settlement is that the insured person needs to be diagnosed by a licensed medical staff as:
- Without substantive assistance, it is impossible to implement at least two items for at least 90 consecutive days.Daily activities(ADL); or
- Due to severe cognitive impairment, substantial real-time care and supervision are required.
Daily activities (ADLs) include: bathing / eating / dressing / going to the toilet / moving / automatic control of urine and bowel.
(How does Allianz Life's chronic illness compensation clause settle the claim?)
Allianz Life provides California policyholders with60-day application window,in caseYou are the holder of an Allianz Index policy and need to contact your policy account immediatelySigning brokerOr signfinancial consultantMake an application.
(>>>Recommended reading:What is the difference between the "chronic disease" payment and the "long-term care" payment in American life insurance?）
The core clauses of family asset protection
In the current society, if we encounter chronic diseases,Long-term treatment and careThe cost of this will be a high cost, which will seriously damage the quality of life and family finances of each of us in the future.
therefore,Allianz Life Insurance CompanyThe "pre-payment clause for chronic diseases" provided to California policyholders will more comprehensively protect the wealth accumulation of the entire family.
OnAmerican Life Insurance GuideIn the classification of insurance companies' professional fields, we divide life insurance companies in the United States into companies that are good at "comprehensive protection" and companies that are good at "asset management."And Allianz Life Insurance CompanyExcellent asset management performance和Historical performance of policy accountPerformance, has been ranked Top3 in the field of "asset management" insurance companies.
The introduction of the "Chronic Disease Early Payment Clause" in California will provideLocal residents of California and customers who go to California for insuranceProvides a more comprehensive "asset protection" option. (End of full text)
*For details, please refer to Allianz's official California consumer product instruction manual, clickDownload here(For Public)
