Consider Taking Critical Illness Insurance With A Specialist

by Jason Hulott
Critical illness cover is becoming increasingly popular with the modern technology and medicine of today, which means that more and more people are now surviving a critical illness. If you have life policy it can greatly help to relieve financial stress at a time when all you need to be worrying about is getting fit and well and back on your feet.
Critical illness insurance can be taken out for a wide range of illnesses which would leave you seriously ill or disabled. Some of the most common illnesses include cancer, stroke, heart attack or kidney failure and are defined in the terms and conditions of the policy so it is essential you read the small print.
The money you would receive from a policy once the waiting period had passed would be tax free and would be a lump sum payout.
Although the terms and conditions can vary in a policy one of the most important conditions you have to meet is that you would usually have to live for at least 30 days after being diagnosed with the illness before the cover would payout.
While a policy covers a lot of different conditions there are exclusions and these too can be found in the small print, for example not all types of cancer sufferers would be eligible to claim.
If you should be diagnosed as having a critical illness you do not want the additional stress of having to find the money to live comfortably while you were recovering. A critical illness is defined as a stroke, heart attack, cancer or suffering from kidney failure but there are up to 30 others and you have to check the small print of a policy.
About the Author
Jason Hulott is Editor of Protection Insurance, please drop by for Cheap Car Insurance, Critical Illness Insurance and UK Life Cover.