Critical Illness Insurance Cover - Why It's A Must

When you are young fit and healthy, it is hard to plan for the day when that might not be the situation; health cover afforded by critical health insurance should not be underestimated. After all, you are providing for the financial needs of your family in the future if something untoward happens where you will no longer be around to help them in person.

Research has shown that planning for critical illness is a wise move as statistically the chance of this happening is actually high, so much so that insurance providers now offer this type of policy quite routinely.

These studies make for somber reading when you consider around one in five men will contract one of these conditions before they reach retirement age. This figure reduces, but only slightly, for women with around 15 percent having a severe health condition before retirement.

Of course, most people do not actually feel they require critical illness insurance and would explain why they are so reluctant to start a plan. Although this type of protection is taken out for many reasons, the majority of people use it to protect their mortgage repayments but these days, critical illness cover and life insurance can be linked directly with mortgage repayments.

Increasingly, the internet is being used to buy insurances online and this is now extending to illnesses that are long term or critical. In a rush to provide this type of health coverage, many details are not looked into fully and a number of problems have arisen from attempting to do this online. This is because many insurance providers who offer this type of coverage wish to have the applicant take a medical examination by an independent physician to ensure there is nothing untoward right from the start. If you have to make a claim on your critical illness insurance policy, the last thing you want is insensitivity or apparent non co-operation from your insurer.

Smokers are unfortunately treated as higher risk applicants; this includes anyone who has smoked within the previous year, and as a consequence they are placed in a high risk category. Whilst smoking is considered a serious risk to a person's health, there are other considerations that are taken into account; for instance the work or pastime may be dangerous, you may be in poor health generally or age may be against you.

However, the purpose of applying for critical illness insurance protection is to make sure that even if a terminal illness is diagnosed, surgery is required or even a period of unemployment, that benefits will be forthcoming to cover living expenses. If you have family responsibilities then there can be no debate about the benefits of having an insurance plan set up and in place should the worst happen.

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