Surely planning for any eventuality regarding your health is a wise decision; critical illness insurance might be required someday so is planning for this really strange? This type of coverage is designed to provide your family with peace of mind if anything were to happen whereby you would no longer be able to work and generate an income. Insurance providers, acting on the statistical information they receive from research institutes now offer this type of protection to every one of their customers.
The figures speak for themselves with around twenty percent of men diagnosed with a critical condition before they reach retirement. For women, this figure is slightly lower with only one in six being affected by before retirement. Lack of knowledge or belief in the chances of contracting an illness like this might be the main reason why so few adults take out critical illness insurance protection, according to insurance companies. The most common application of critical illness cover is when it is added to a mortgage to ensure that the repayment continue irrespective of the health of the borrower.
Increasingly, the internet is being used to buy insurances online and this is now extending to illnesses that are long term or critical. However, this is an area which is still developing and even now, problems occur owing to the nature of the policy type trying to be arranged. Understandably, insurance providers want to see physical proof that the applicant does not have any outstanding conditions before they arrange the coverage. This is also for the benefit of the claimant because if they need to contact their critical illness insurance provider, they do not want to receive an insensitive person on the other end of the phone line.
Some groups of individuals fall into high risk categories like those who smoke for example and can be expected to pay more for their cover. Many things are taken into account when dealing with the risk factor associated with any type of policy including the applicant's age, their overall health, whether the type of work they do is dangerous or any activities they participate in, not just whether they are a smoker. Of course, no-one can underestimate just how much the financial assistance critical illness insurance can provide for a person who has a terminal illness. If you have family responsibilities then there can be no debate about the benefits of having an insurance plan set up and in place should the worst happen.
Article Source: http://articlefan.net
About the author :
By: Carol Bell
For More Information Visit Our Website www.insurance.c2az.co.uk Or Our Article Directory www.c2az.co.uk
0 comments:
Post a Comment