YOU ARE HERE :  Dragon Directory  : Money & Finance  : Insurance  :

Why Critical Illness Cover is Becoming more Popular

Listing Details : Why Critical Illness Cover is Becoming more Popular
Why Critical Illness Cover is Becoming more Popular
There are many advantages of Critical Illness Cover as a form of Life Insurance, however, it's important to understand why there's the need for an additional private healthcare insurance policy in the first place. In the UK many people rely on the state to look after them in the event that a health issue arises. A person also hopes that an employer understands, should an illness suddenly develop, and that their position in the company will remain open.

Once an illness is diagnosed, especially one that is life threatening, many will worry about the illness itself rather than having to pay the bills or trying to stay in work. The stress of a sudden diagnosis can affect people mentally but it's the financial strain that many forget to insure against. Indeed it's said more people have insurance for their pets rather than critical illness cover for themselves.

Both aspects of life insurance cover and critical health insurance are a form of protection for you and your family. Whereas the former pays out a lump sum of money should you pass away and will help your family financially. The cover won't help you in the event anything occurs before you die. This leaves the policy itself a little wanting.

The Benefits Of Critical Illness Cover
The benefits of having specific insurance cover should you be diagnosed with a serious illness far but weigh any reliance you have on the goodwill of an employer, or that of relying on the state to keep you and your family financially secure in the short term. Critical illness insurance provides for a cash pay out when an illness as described in the policy details is ascertained.

Life Cover is a hidden reality of the modern age. The important part of any insurance policy is to ensure it benefits you or your loved ones when required. Statistics suggest that one in three people will be diagnosed with a type of cancer. The cover also pays out on heart attacks, stroke or kidney failure. It's worth comparing illness insurance, some insurers pay out only on severity, others a percentage of the lump sum due depending on a sliding scale.

While not many wish to consider becoming ill and claiming, the ability to pay the bills, the mortgage, receive an income for the duration will obviously be of help and that's exactly what critical illness cover aims to achieve. There's surely a kind of irony that one would only insure one's self against death and not an illness which you may well recover from and live several years after any serious illness diagnosis is given.

Critical health insurance can be merged with other insurance policies such as Unemployment Cover to provide better cover for your situation. While a lump sum is typical, an insurer can also payout an income over a given period or pay an amount to reflect the decreasing term on a mortgage. Once again, life insurance only pays out a lump sum on your death, a critical illness insurance policy helps you and your family get through a tough period while you fight to stay alive and an Income Protection Cover policy will pay you a monthly tax free income until you are fit enough to return to work..

There is however, one more point when considering an insurance policy to cover serious illness and it stands out as a reminder to always read the terms and conditions of any policy. Some critical illness insurance policies only payout if you survive 28 days after diagnosis. In which case, there's an argument for having both types of insurance running simultaneously.

Article Sponsor / Owner :

Statistics & Information :

  • 42Article ID :
  • critical-illness-cover.orgSubmitted By :
  • 18 July 2012Submission Date :
  • NeverExpiry Date :
  • NoneListing Type :
 
  • 2Average User Rating :
  • 1Number OF Ratings :
  • 0Number OF Comments :
  • Traffic Out :
  • 70671Page Visits :
Top Links
  • WVIS Directory
    WVIS Directory

    HITS : 422398
    RATING : 4.3333333333333
    A search engine friendly high-quality and high traffic web directory, Only quality sites listed, submit your site today with some unique submission options.
  • Article and Link Directory
    Article and Link Directory

    HITS : 175104
    RATING : 3.75
    Search engine optimized, human edited, family friendly article and link directory with free and paid inclusion. Offering deep links with RSS feeds and deep links for article submissions.
  • Net Chex
    Net Chex

    HITS : 4289
    RATING : 0
    Netchex payroll services company offers a web-based suite of payroll services software with tools for benefits, human resources, reporting, employee self-service, and time and attendance.
  • SEO London
    SEO London

    HITS : 3970
    RATING : 4
    Increase your web traffic with Desynz. With our ethical SEO techniques we provide level best to rank the website on the 1st page in major search engines like Google, Yahoo, and Bing (MSN)
  • Unique Handmade Jewelry
    Unique Handmade Jewelry

    HITS : 3921
    RATING : 2
    Handmade jewellery, handmade bracelets and handmade earrings handcrafted in unique jewellery designs. The best place to shop for animal jewellery, wildlife jewelry, western jewelry, horse jewelry an..
  • Fotoviva Art - Canvas Prints
    Fotoviva Art - Canvas Prints

    HITS : 2888
    RATING : 4.3333333333333
    If you are looking for limited edition wall prints for your home then Fotoviva Art Prints is a great online gallery to browse. With more than 700 photographic art prints available you are sure to fi..
  • asp.net ecommerce
    asp.net ecommerce

    HITS : 2522
    RATING : 0
    Barclaycard are a leading provider of payment handling, merchant services and business credit cards
  • GalleryToday
    GalleryToday

    HITS : 1968
    RATING : 0
    GalleryToday.com is an online art gallery specializing in selling only original paintings signed by talented artists from around the world. Visit the gallery and you can choose to buy from large abs..
  • The Hair Loss Geeks
    The Hair Loss Geeks

    HITS : 1055
    RATING : 0
    Hair Loss Geeks provides independent product reviews with reader-feedback to help you make up your own mind about what's best for you.
  • Bluebox Moving Company
    Bluebox Moving Company

    HITS : 821
    RATING : 0
    Leeds based moving company offering on-screen quotes for local and long distance removals services for the West Yorkshire and Greater Manchester area.
Top Articles
  • Calm and Art Vacation o..
    Calm and Art Vacation on Boa..
    HITS : 87672
    RATING : 0
    If you like traditional and thematical cruise ships, this is one of them. You should know Paul Gauguin and the best cruises, which you can find. The cruise ship Paul Gauguin has capacity for only 33..
  • Hospitality and Tourism..
    Hospitality and Tourism Indu..
    HITS : 83589
    RATING : 0
    The hospitality industry in Cape Town has experienced significant growth in recent years, and this upward trend is expected to continue in the near future, as despite a worldwide recession.
  • Learn About the Largest..
    Learn About the Largest Bulk..
    HITS : 80733
    RATING : 0
    If you had missed, here you will understand who is the largest bulk carrier of the world. The name of the ship is Berge Stahl. learn much about it here...
  • Diamonds are truly fore..
    Diamonds are truly forever!
    HITS : 79253
    RATING : 0
    The word "diamond" is derived from the Greek "adamas", meaning indomitable; unconquerable! Ancient Indian manuscripts of the 1st century B.C. prove that diamonds are popular ever since.
  • Web Development Company
    Web Development Company
    HITS : 79075
    RATING : 0
    IT Chimes is India based global Web Solution and Offshore IT services provider. IT Chimes a Web Development Company, develops, integrates and maintain web applications and custom applications. IT Ch..
  • The effect of electroni..
    The effect of electronic app..
    HITS : 78752
    RATING : 0
    The use of electronics devices in daily life has become the fuel of human life. It has made the human life more luxurious. The use of electronics has been saving the human energy as well as the tim..
  • Run the Carnival With C..
    Run the Carnival With Carniv..
    HITS : 78297
    RATING : 0
    My cruise with Carnival Paradise is the one, which I will never forget. Do you want to know why? Just read this article...
  • The Importance of Creat..
    The Importance of Creating B..
    HITS : 74145
    RATING : 0
    Those in the Internet business, especially those in Search Engine Optimization, are very familiar with backlinks. Also known as inbound or inward links, backlinks are the incoming links to your webs..
  • Contract Project Manage..
    Contract Project Manager â..
    HITS : 73743
    RATING : 0
    Contractor Project Manager provides an insight view to become a professional Contract Project Manager or to have a Career in Project Management
  • Improving Your Site's P..
    Improving Your Site's Popula..
    HITS : 71718
    RATING : 0
    If you own a website and wish to profit from it, it is wise to work hard on its popularity. This does not mean that you just wait for people to discover your website. Simply managing its content and..
Top categories