Critical Illness Cover

> Critical illness cover could be the best purchase you make this year. Compare the whole market and save up to 40% on critical illness cover.

If you are not sure how you and your family would cope financially if you were diagnosed with a serious illness and unable to work, then you should think about taking out a critical illness policy.

What is critical illnes cover?

Critical illness cover or critical illness life insurance as the name suggests is suitable for those who are looking for financial protection from various kinds of critical illness. This insurance provides a large benefit in terms of money if the policyholder is diagnosed with any kind of critical illness covered under the terms of the policy. It pays you out during the term of the policy only. This policy can be built into other insurance policies such as decreasing term, level term etc or can be taken as an individual policy.

After you have made the claim, even if you have turned around, you have all the right to keep the pay-out that the policy provides. The types and the range of the critical illness vary from company to company so it is advised to read the terms of the policy carefully before investing.

Main benefits?

Critical illness is highly beneficial. It provides great financial security to the policyholder and their family when the policyholder is diagnosed with a critical illness. It prevents people from suddenly changing their lifestyles and expenses at the diagnosis of a serious illness. It totally depends on the person how they invest their money, it can be used to pay off a mortgage or cover expenses.

Main draw-backs

This policy does not cover all the possible sorts of critical illnesses that can affect a person. So careful reading of the terms is strictly advised. There are policies where you are not covered for the diseases that have affected you before you opted to invest in the policy. The critical illness insurance can sometimes be expensive, so best to shop around to find the best deal. Always speak to an advisor and read the small print, especially regarding types of cancers and heart disease that are not covered by popular protection plans.

Alternatives

If someone is unable to earn because of the critical illness they are suffering from, and does not want to invest in a critical illness policy there are other alternatives to consider. you may opt for an income protection policy or mortgage payment insurance for example. There are other fruitful investments schemes available in the market which can also be pondered over, as always speak to an advisor and explain exactly what you're looking for.

Buy cheap critical illness cover

We work with brokers to provide the most affordable critical illness insurance. Click on 'Get a free life quote' and we will help you find the best value cover.

Guest article: Written by Jonathan Wilde.