In industrialized countries, life premiums fell by 5.3%. However, several countries around the world experienced a sales growth in fixed insurance products not linked to capital markets.

In general insurance carrier terms, the following conditions are considered critical illnesses:

Heart attack (Myocardial Infarction): The death of a portion of the heart muscle (myocardium), as a result of blockage of one or more coronary arteries.

Coronary artery bypass surgery: An actual “bypassing” procedure using a saphenous vein or internal graft with a mammary artery, to treat coronary heart disease.

Stroke: Any stroke that produces neurological impairment for more than 24 hours, as well as any paralysis or other objectively measurable neurological deficiencies that persists for a minimum of 30 days.

Deadly cancer: Only those cancers that are manifested by the presence of malignant tumors characterized by uncontrolled growth, spreading of malignant cells and the invasion of tissues.

Kidney failure: The final stage of chronic, irreversible failure of both kidneys, requiring regular, ongoing renal dialysis for a period of six months, or resulting in the need for a kidney transplant.

Vital Organ Transplant: Medically required surgery to transplant an organ donated by another human being onto the insured party. The following organs qualify: heart, lung(s), liver, bone marrow or pancreas.

Loss of sight or blindness: Total and nonreversible.

Paraplegia: Total, permanent loss of the use of two or more limbs as a result of an accident.

Multiple Sclerosis: A chronic, inflammatory, autoimmune neurological condition that affects the central nervous system.

In 2018, it is estimated that 1,735,000 new cases of cancer will be diagnosed in the United States. Seventy percent of heart attack victims survived for at least three years. Thirty-three percent of families spend all their savings on a serious illness.
On average, someone suffers a cerebrovascular accident (CVA) every 4 seconds in the United States Seventy-five percent of those who suffer a CVA remain alive one year after the event. Sixty-seven percent of all cancer-related costs are not direct medical expenses.
Every 26 seconds an American suffers a coronary event. Sixty-six point nine (66.9%) of cancer victims in 2008-2014 lived five more years. Experimental medical treatments are not covered by health insurance plans.

Source: National Cancer Institute (NIH) of the US Department of Health and Human Services. Cancer Stat Facts: Cancer of Any Site. and

Learn more about ways you can protect yourself and your family when faced with a critical illness, by visiting the BENEFITS AND RIDERS section.