Morbidity Risk Insurance

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Morbidity Risk Insurance Morbidity risk insurance is a type of insurance that protects policyholders from the financial impact of illness, injury, or other physical or psychological impairment, whether temporary or permanent. This type of insurance can cover a wide range of expenses, including medical bills, lost wages, and long-term care costs. for a person to experience Morbidity risk excludes the potential for an individual's death, but includes the potential for an illness or injury that results in death. Morbidity, is the frequency or severity of disease or illness within a subset of the population. It can range from Alzheimer's disease to cancer to traumatic brain injury. Morbidities are NOT deaths. Morbidity table on the other hand is a statistical record of the rate of illness among the defined age groups. If you are concerned about the financial impact of a serious illness or injury, morbidity risk insurance may be a good option for you. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful

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