Critical Illness Insurance Articles
Expert Author: John Smi
Ladies, if your mother or any other female blood-line relatives have a history of breast or ovarian cancer then from next year onwards, you could face higher insurance premiums. You could even be refused cover altogether.
Do you ever wonder what will happen to your loved ones if one day you are severely ill or you are gone? This is something very important to consider though it is unpleasant to think of. Though you may have various good friends or reliable family members that you think will take care of your loved ones, you have to make sure they will be financially strong to cope when you are not here. No one knows how long he / she will be in a critical state. Imagine about those high treatment expenses and hospital costs.
Expert Author: Rudi ONeil
Critical illness can ravage a person in a matter of days, even if they previously have had a completely clean bill of health. This is why it is important to protect your family and yourself with critical illness cover. Dependent on what your illness is, the cost of having it treated can be enough to send a person bankrupt. With this being the case it is therefore important that critical illness cover is obtained from a company that has a great level of service.
Taking the critical illness insurance will benefit you as well as your family members or beneficiaries. To choose the best critical illness insurance entails comparing each plan to see its advantages and disadvantages. Critical illness insurance is normally designed for the comfort of those whom you may leave behind.
Investing in an affordable critical illness insurance policy is among one of the ways to plan for the future of our loved ones. Most of us plan to live till the old age, but the reality is different as not all people see there golden years. Taking this into consideration, we try to ensure that those close to us are financially strong to carry on with life should any mishap happen.
Despite new guidelines on sickness policy cover, there is a huge variation in the types of critical illness cover offered by different providers. Consumers need to look at the small print, for exclusions in particular. The industry needs to do more to promote alternative products such as family income and income protection policies.
Few of us are insured against serious illness even though it may strike at anytime. Unum Provident, the income protection provider, has carried out research that reveals only 4.2 per cent of the country's work force have critical illness cover, even though they will receive a lump sum if they have a heart attack, stroke or suffer from cancer.
Your mortgage lender may offer you several financial products including critical illness cover. However, as they are not specialists in this field, you will probably find a better deal elsewhere. The level of cover on offer is just as important as the premium when looking for critical illness cover.
The Evans were an ordinary family. Mary was the homemaker, Peter had a steady job driving for Stagecoach. They'd been married for 12 years and had a daughter aged 11 and a son aged 7 and a lived in a semi in Didsbury in the outskirts of Manchester. They were planning to go on holiday to Benidorm on the Costa Blanca next year.
Much has been written about critical illness (CI) products over the past couple of years. This has highlighted both negatives and positives about the complicated type of insurance cover. Research has shown there is a lack of trust in some of claim processes and procedures that are creeping in. Even more concerning is the concern that insurers aim not to pay these costly claims if it is at all possible.
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