Critical Illness Insurance Explained

Critical Illness Insurance Explained
When you are young fit and healthy, it is hard to plan for
the day when that might not be the case but critical
illness insurance is something that we all need to make
provision for. Providing financial peace of mind for your
family by taking out critical illness insurance, for a mere
few dollars each week should something happen to you, does
not to seem as important to most of us as having that
extra, luxury cup of coffee every day during lunch.

Studies have shown there is a strong possibility that at
some stage in your life you will suffer from a critical
illness so most of the critical illness insurance providers
now cater for these conditions. Speaking of statistics,
recently they have revealed that at least twenty percent of
men will suffer from a critical illness before they retire.
For women, this figure is slightly lower with only one in
six being affected by a critical illness before retirement.

Lack of knowledge or belief in the chances of contracting a
critical illness might be the main reason why so few adults
take out critical illness insurance protection, according
to insurance companies. Although critical illness insurance
is taken out for many reasons, the majority of people use
it to protect their mortgage repayments. Nowadays, critical
illness cover and life insurance can be linked directly
with mortgage repayments.

Increasingly, the internet is being used to buy insurances
online and this is now extending to critical illness
insurance. 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 companies who provide critical illness
insurance 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're in the
unfortunate position of having to make a claim on your
critical illness insurance policy, the last thing you want
is insensitive hassle or apparent non co-operation from
your insurer.

Smokers, unfortunately, are treated as higher risk critical
illness insurance applicants, including anyone who has
smoked within the previous year and as a consequence are
placed in a high risk category. Smoking is a potential
threat to your life therefore, premiums will increase.
Having said this, the insurance company will also consider
your age, type of work you do, general health, and pastimes
before it issues the critical illness insurance. Critical
illness insurance will protect you if your condition is
terminal or critical, you need certain surgery or if you
become unemployed owing to the condition. If you have
family responsibilities then there can be no debate about
the benefits of having a critical illness insurance plan
set up and in place should the worst happen.

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Keith Mallinson BscHons Provides Information on Critical
Illness Insurance, what it is, how to find life and
critical illness insurance for a mortgage and where to find
the best critical illness insurance life quote.
http://www.critical-illness.insurance-llc.com