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Our Guide To Critical Illness Cover

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By Author: Lecia Selbo
Total Articles: 49
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Critical illness cover is designed to help those who fall ill with a serious illness. In this event, your provider will pay you a substantial sum to help you meet your medical costs, mortgage repayments and living expenses, giving you peace of mind for the future.

As with any type of insurance policy, it is important that you check over the document features before you purchase a policy. You need to be clear as to what the policy will and will not cover, as not all policies are the same.

There are regulations in place to make sure that all critical illness policies cover the same basic list of illnesses. However, many policies include cover for other illnesses, and every policy is different in this respect.

Each policy provider will offer their own level of cover, but all providers must cover serious head injuries, comas, third degree burns, terminal illnesses like advanced cancer cases, Parkinsons and Alzheimers and MS, as well as heart attacks and strokes, limb loss or paralysis and kidney failure also.

The amount of cover that you need depends on your financial standing, but you may want to make ...
... sure that the amount that you are entitled to will be enough for you and your family to live on at least until your pension begins, making sure that it is enough to cover your mortgage costs.

If you fail to disclose information during the critical illness cover application process, or if you lie about anything on your application, then be aware that this is enough to have your entire policy cancelled, leaving you unable to make a claim when you need it.

Critical illness cover tends to be a lot more expensive than standalone life cover, and you may not be able to afford to have all the cover that you need. However, it is better to have insufficient cover than no cover at all if cost really is a problem.

The price of your critical illness cover will depend on how many illnesses you wish to be covered for, and how much you wish the amount paid out to you to be. Your current bill of health and your age are also factors in determining the price of your policy, as well as whether or not you are a smoker. Lecia Selbo took out critical illness cover with Legal

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