Many of us believe critical illness insurance and disability insurance is something that would be a good thing to have, but when we are fit and healthy, cannot see the point of making a monetary allowance for it in our monthly expenditure. Providing monetary peace of mind for your close family by taking out critical illness protection, for a mere few dollars each week should something occur to you, does not to seem as essential to most of us as having that additional, luxury cup of coffee every day during luncheon.
As the majority of health insurance products now cover common conditions and given the statistical probability that you will be critically ill at some point, it is a good thing to have. The number of men who, before they retire, will suffer from a life-threatening illness is an astonishing twenty percent according to figures published from recent study. For ladies, this figure is slightly lower with only one in six being affected by a life-threatening illness before retirement.
Lack of knowledge or belief in the chances of getting a critical illness might be the fundamental reason why so few adults take out health protection, according to insurance underwriters. For the bulk of people who do decide to take out critical illness insurance, the most essential benefit is to protect their mortgage. As luck would have it, most mortgage security policies will now allow you to include life insurance and critical illness cover.
To make things simpler for someone who wants to take out critical illness insurance, a growing number of individuals begin to start buying products online. Regrettably, being a comparatively new facility, there are new problems that occur as more companies start offering services over the internet for the first time. From critical illness cover providers point of view, this is quite understandable as there often requirements for a medical exam carried out on the insurance applicant prior to the plan being accepted. If you're in the unfortunate position of having to make a claim on your insurance policy , the last thing you want is callous hassle or apparent non-cooperation from your insurance underwriter.
Smokers, regrettably, are treated as higher risk health insurance applicants, including anyone who has smoked within the previous 12 months and as a consequence are placed in a high risk category. It is now thoroughly acknowledged that smoking is dangerous for you and as a result your monthly insurance installment will cost more. For the most part though, when you apply for any type of health insurance, the company will look at your age, health, workplace, environment, activities and so forth.
A typical insurance policy will cover you if your prospects are fatal or critical, as well as cover you if you need certain surgery - the plan will also handle your permanent job loss due to sickness. There can be no argument about the peace of mind that having a critical illness protection insurance policy in place can bring to somebody who has a close family and monetary obligations.
By; Paul Abbey
ABOUT THE AUTHOR
P Abbey owns and operates http://www.employersliabilityok.com employers liability
