Aquire Critical Illness Protection

Critical illness protection is more often than not very far from most of our minds, especially when we are young and do not have any health troubles therefore we fail to make any financial provision for it. Although we are happy to sit with our cup of coffee and a pastry costing 5 bucks each day and somehow rationalize that it is a necessity, but not spend the few dollars a week it would cost to safeguard our finances and our loved ones health, should we ever need to.

As the bulk of health insurance products now cover common illnesses and given the statistical probability that you will be critically ill at some point, it is a good thing to have. Speaking of figures, recently they have revealed that at least twenty percent of men will suffer from a life-threatening illness before they retire. That same research also shows that ladies are only slightly less likely with a one in six chance, to be impacted by a life-threatening condition prior to retirement.

Maybe one of the primary causes for individuals not having health cover is a failure to realize the probability of becoming seriously ill. For the bulk of people who do decide to take out critical illness insurance, the most important benefit is to safeguard their mortgage repayments. Luckily, most mortgage protection plans will now allow you to include life insurance and critical illness cover.

To make things easier for someone who wants to take out critical illness cover, a growing number of people begin to start buying products online. As with any new technology, there have been a few glitches as more and more insurance providers decide to apply the Internet as a means to market, inform and sell policies of this type. The reason for this lies in the fact that most critical illness protection providers request their applicants to undergo an independent medical exam prior to the insurance policy being issued in an effort to stop any possible fraudulent claims in the future. Strangely, even though this sounds as if it is to the benefit of the insurance company, it also benefits the client as they will not want to have problems if they make a claim on their  plan at some point.

Smokers, unfortunately, are treated as higher risk health insurance applicants, including anyone who has smoked within the previous twelve months and as a result are placed in a high risk category. Smoking is a possible threat to your life therefore, premiums will increase. Although this is an important element to consider, there are others like your age, health, where you work, what pursuits you follow and environment that your health insurance supplier will look at. A typical plan will cover you if your prognoses are fatal or critical, as well as cover you if you require special surgery - the policy will also] cover your permanent job loss due to illness. The peace of mind that critical illness cover and disability insurance can provide at such a time is priceless.