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CFP2011
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Interim Medical Expenses Insurance
Coverage that is purchased only for a specific period of time. Interim medical expense insurance includes temporary, international travel, and student policies.
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Temporary medical policies
Provide individuals and families with medical expesne insurance for limited periods of time.
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International travel medical policies
An interim medical expense policy for persons who are traveling abroad
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Hospital confinement indemnity insurance
A type of supplemental medical policy featuring cash benefits in the event of hospitalization and/or surgery resulting from illness or injury.
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Accident-only policy
A policy or a rider to a policy that provides coverage singly or in combination for death, dismemberment, disability, or hospital and medical care caused by accident.
See also accidental death & dismemberment (AD&D)
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Specified (dread) disease insurance
Supplemental medical insurance that provides per day, per service, expense incurred, and/or lump-sum benefit payments upon the occurrence of medical events or diagnoses related to the treatment of a disease named in the policy. Although specified disease insurance for cancer only continues to be a prevalent form of this type of coverage, many policies cover cancer and as many as 30 or more other dread diseases.
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Critial illness insurance
Supplemental medical expense insurance that provides a one-time lump-sum cash benefit if the insured is afflicted with a covered critical condition. The specified conditions for which benefits are paid may result from injury, disease, or major surgery.
Also known as serious illness insurance.
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