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About Critical Illness Insurance

May 8, 2008
When you are young fit and healthy, it is hard to plan for the day when that might not be the situation; critical illness insurance might be required someday so is planning for this really strange? This type of coverage is designed to provide your family with peace of mind if anything were to happen 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 providers now offer this type of policy quite routinely.

The figures speak for themselves with around twenty percent of men diagnosed with a critical condition before they reach retirement. Although women fare a little better with a one in six chance this does not make for pleasant reading.

Lack of knowledge or belief in the chances of contracting an illness like this might be the main reason why so few adults take out critical illness insurance protection, according to insurance companies. The most common application of critical illness coverage is when it is added to a mortgage to ensure that the repayment continues irrespective of the health of the borrower.

Since the advent of the Internet as a marketing and sales tool, insurance companies have promoted their products online and in recent years there has been an increase in online insurance applications.

However, this is an area which is still developing and even now, problems occur owing to the nature of the policy type trying to be arranged. This is because many insurance providers who offer this type of coverage wish to have the applicant take a medical examination by an independent physician to ensure there is nothing untoward wrong, right from the start. A common complaint to insurance companies is that their agents are often insensitive to the plight of their customers and this is not the attitude you want if you are contacting them about your critical illness insurance policy.

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 extremely hazardous to your health but other factors must be considered as well because you may have a dangerous job or pastime, you may be aging or already suffer with poor health.

One of the biggest benefits of critical illness insurance is it will also cover the health and living expenses should a person be diagnosed with a terminal illness. If you have family responsibilities then there can be no debate about the benefits of having an insurance plan set up and in place should the worst happen.
About the Author
Visit Net Reports, by Kay Brown, where you will find free niche articles along with PLR and PLR Products that are brandable, insanely viral and can earn you money!
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