Individual Critical Health Insurance

The term critical health insurance can send many people running but surely planning for an eventuality is a wise decision. Providing financial peace of mind for your immediate family by taking out protection for a few dollars each week, does not seem as essential to most of us as having that luxury cup of coffee every day during luncheon.

Reports have shown there is a strong possibility that at some point in your life you will have a critical illness so most of the insurance suppliers now cater for these conditions.

These studies make for sorry reading when you think around one in five males will get one of these conditions before they reach retirement age. For females, this figure is slightly lower with only one in six being affected by before retirement.

It could be ignorance or just a general hate of critical illness insurance cover that stops people from starting these plans. This type of insurance policy is designed to protect those around you who you love but the primary reason why people organise critical illness cover is to ensure mortgage repayments do not lapse.

These days increasing numbers of people decide to use the world wide web to arrange their insurance plans and more of late cover for critical illness has also become available. Regrettably, being a relatively new facility, there are new problems that occur as more companies start offering services over the world wide web for the first time. The main ground for this is the requirement by insurance providers to have the applier take a medical exam before they issue cover. Underwriters do not want to estrange their critical illness insurance customers so are learning to be more sympathetic when contacted.

Smokers are Regrettably 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. Smoking is a potential threat to your life therefore, premiums will increase even though having said this, the insurance company will also consider your age, type of work you do, general health, and pastimes before it issues the cover.

Even though a person may be suffering with a deadly illness; critical illness insurance will ensure medical expenses, as well as living expenses are met. If you have close family responsibilities then there can be no debate about the benefits of having an insurance plan set up and in place should the worst occur.