Critical Illness Insurance Cover

Making a monetary arrangement for when you may have you're sick that stops you from living a normal life or is life threatening is not the simplest thing in the world but critical illness cover covers this very real contingency. Although we are happy to sit with our cup of coffee and a pastry costing five dollars each day and in some way rationalize that it is a necessity, but not spend the few dollars a week it would cost to safeguard our monetary resources and our loved ones health, should we ever need to.

As the majority of health insurance products now cover standard illnesses and given the statistical probability that you will be critically ill at some point, it is a good thing to have. The number of males who, before they retire, will suffer from a life-threatening illness is an astonishing twenty percent according to statistics published from recent study. For ladies, this figure is slightly lower with only one in six being affected by a critical illness before retirement.

Experts are of the opinion that the main reason for individuals failing to start a health plan is an ignorance of the prospects of being impacted by it. Security of mortgage repayments is listed as the number one reason why individuals decide to have critical illness insurance cover. Today, critical illness protection and life insurance can be linked directly with mortgage repayments.

More and more people are starting to use|apply] the facilities provided by the internet to research and purchase insurance plans, including critical illness cover. As with any new technology, there have been a few bugs as more and more insurance suppliers decide to use the World Wide Web as a means to market, inform and sell policies of this type. This is because many companies who offer critical illness cover wish to have the applicant take a medical examination by an independent physician to ensure there is nothing untoward right from the start. Oddly, although 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  insurance policy at some stage.

Smokers, regrettably, are treated as higher risk health insurance applicants, including anyone who has smoked within the previous 12 months and as a consequence are placed in a high risk category. It is now thoroughly recognized that smoking is dangerous for you and as a result your monthly insurance installment will cost more. Having said this, the insurance provider will also consider your age, type of work you do, overall health, and pursuits before it issues the critical illness insurance. If you are laid off from work because of your condition or need specialist surgery, your insurance should cover the expenses incurred. The peace of mind that critical illness protection and disability insurance can provide at such a time is priceless.