Higher Risk Health Insurance Applicants

Unfortunately, when we are youngish and broadly speaking healthy, it is hard for most of us to concentrate on planning for a time when that may not be the case and fail to make a provision for critical illness cover in our regular expenses. It is unfortunate that most of us prefer to spend a few bucks every day on small luxuries than on providing our close family and loved ones with security to guarantee financial stability should something happen.

Most health insurance plans now cater for many of the more standard conditions and because statistics show that there is a good chance you will suffer one of these at  some point in your life, it is a worthwhile insurance policy to have. Recent studies have shown that one in five males will, regrettably contract a critical illness before they reach retirement. That same research also shows that women are only slightly less likely with a one in six chance, to be impacted by a life-threatening illness prior to retirement.

Lack of information or belief in the prospects of getting a critical illness might be the fundamental reason why so few adults take out health security, according to insurance companies. Security of mortgage repayments is listed as the number one reason why individuals decide to have critical illness cover cover. These days, critical illness protection and life insurance can be linked directly with mortgage repayments.

More and more individuals are starting to employ|apply] the facilities provided by the internet to study and purchase insurance policies, including critical illness protection. As with any new technology, there have been a few glitches as more and more insurance providers decide to employ the Internet as a means to promote, inform and sell plans of this type. The reason for this lies in the fact that most critical illness insurance providers call for 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 stage.

Smokers, unfortunately, are treated as higher risk health insurance applicants, including anyone who has smoked within the previous year and as a consequence are placed in a high risk category. This is understandable as figures show you are at a greater risk of smoking related circumstances  thus your insurance premium must increase in line with this likely risk. For the most part though, when you apply for any type of health insurance, the company will look at your age, health, workplace, environment, activities and so forth. Your insurance will safeguard you if your condition is terminal or critical, you need certain surgery or if you become out of work owing to the condition. There can be no argument about the peace of mind that having a critical illness protection policy in place can bring to somebody who has a immediate family and financial responsibilities.