Tuesday, June 10, 2008

Being prepared is not so difficult, here are some tips

Considering health plans at a young age isn't easy especially when you're healthy but that does not mean you will not require protection at some point; which makes preparing for this by arranging a critical illness insurance policy all the more important. Providing financial peace of mind for your family by taking out protection for a mere few dollars each week, does not seem as important to most of us as having that luxury cup of coffee every day during lunch.

Insurance providers, acting on the statistical information they receive from research institutes now offer this type of protection to every one of their customers.


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. For women, this figure is slightly lower with only one in six being affected by 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. This type of policy is designed to protect those around you who you love but the primary reason why people organize critical illness cover is to ensure mortgage repayments do not lapse.

Whilst over the last few years the amount of insurance policies arranged online has increased dramatically, not every type of policy was available but coverage for critical illness has now been added. Unfortunately, being a relatively new facility, there are new problems that occur as more companies start offering services over the Internet for the first time. 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.

One group of high risk people are those that smoke, in fact they usually ask each applicant if they have smoked within the previous year and if the answer is 'yes', they will be rated higher. Insurance companies place smoking at the top of their list but other areas of your life can affect how much you pay for your premium like your age, physical health, activities you may participate in and the type of work you do.

Whilst critical illness insurance will not cure a person, the financial help it provides to a person who has a terminal illness cannot be dismissed. No person can guarantee that they will always be there for their family but insurance plans are one way to ease the burden if you are diagnosed with a critical medical condition.


About the Author


Francisco Segura owns and operates http://www.alcoholismadvise.com/alcoholism-disease.html Alcoholism Disease

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