Lifetime Limit

This is a cap on the payouts that your insurance company will make on your health care expenses during the lifetime duration of your policy with them, including any subsequent renewal periods. This means that once your limit has been met, your insurance company will not pay any more for your coverage.

A Lifetime Limit may also be related to a specific medical condition only - for example, a lifetime limit on paying for transplant expenses. Your insurance provider will still then pay for other health conditions but will restrict payments related to that specific medical condition.