No-one ever anticipates to become ill specially when they are young and healthy but planning for the day when critical illness insurance might be required is not as strange as it sounds. This type of insurance coverage is designed to provide your immediate family with peace of mind if anything were to occur whereby you would no longer be able to work and generate an income.

Research has shown that planning for critical illness is a wise move as statistically the chance of this happening is actually high, so much so that insurance suppliers now offer this type of insurance policy quite routinely.

The figures speak for themselves with around one-fifth of males diagnosed with a critical condition before they reach retirement. Females fair a little better with around 15 percent being diagnosed prior to retirement.

Researchers believe it is individual’s belief in their invincibility that makes them less likely to start a critical illness programme. Although this type of cover is taken out for numerous means, the bulk of people use it to protect their mortgage repayments but these days, critical illness cover and life insurance can be connected instantly with mortgage repayments.

While over the last few years the amount of insurance policies arranged online has increased dramatically, not every type of policy was available but coverage for critical illness has now been added. Unfortunately, being a comparatively new facility, there are new problems that occur as more companies start offering services over the internet for the first time. This is because numerous insurance providers who offer this type of coverage wish to have the applier take a medical exam by an independent physician to guarantee there is nothing untoward right from the start. If you have to make a claim on your critical illness insurance insurance, the last thing you want is insensitivity or apparent non co-operation from your insurer.

Some groups of people will automatically enter a high risk category like those who either smoke or have given up within the previous twelve months. Smoking is considered exceedingly dangerous to your health but other elements must be looked at as well because you may have a hazardous job or pastime, you may be aging or already suffer with bad health.

Terminal ill patients will also appreciate their critical illness insurance when they realise it pays for any medical expenses in addition to those needed for day to day living. Anyone that cares about their family and what could happen to them in the event of a serious medical illness arising should take out this type of insurance if for no other reason than peace of mind.

About the author

P Abbey owns and operates Employers Liability Compulsory Insurance Act