21 Nov 2018

Online Life Insurance Quotes

Best Critical Illness Cover

Best Critical Illness Cover Policy

A serious illness, such as heart attack or cancer can affect many of us before retirement age.

Critical illness cover is designed to ease the financial pressures by paying a tax-free lump sum if you become seriously ill or totally disabled.

Finding the Best Critical Illness Cover

Choosing the best critical illness cover plan can be a complicated process. There are numerous providers offering a wide range of versions of critical illness insurance.

Policies vary widely in the illnesses they cover so simply opting for the cheapest plan is not always the best option because it will probably offer limited cover. On the other hand, going for the provider that covers everything from loss of use or one hand, meningitis or makes part payments for less serve conditions such rheumatoid arthritis ( Pruprotect serious illness cover as of November 2011 ) may not be affordable.

Critical illness cover policies that appear to cover every serious illness imaginable can sometimes result in the insurer charging a higher premium for your cover.

Because its so important that you get the best cover possible, our advisors will talk you through the process and always recommend the right level of cover to suit your individual requirements.

What does a Critical Illness Policy Covers ?

A critical illness policy pays benefits on the diagnosis of certain specified critical illnesses. The range of diseases covered has increased to more than 30, though contracts differ from one company to another.

All critical illness policies should cover seven core conditions. These are certain forms of cancer, coronary artery bypass, heart attack, kidney failure, major organ transplant, multiple sclerosis and stroke. They will also pay out if a policyholder becomes permanently disabled as a result of injury or illness.

For single people with no dependants, critical illness cover that pays off the mortgage could be more important than having life cover, as it means you have fewer bills or a lump sum to play with if you are very unwell.

But it can also be useful if you are part of a couple. It provides a welcome financial boost at a time of emotional stress and financial hardship.

Most providers allow people to take out cover between the ages of 17 and 70. It can be for a specified number of years - as long as your mortgage, for example - or for life. Or you can just take out a policy and keep it going for as long as you choose. When you buy a policy there will normally be a waiting period - typically three months - before you can make a claim.

Critical Illness Cover Claims

IMPORTANT: Be honest about your medical history

It is vitally important that you are honest and give the insurer the most complete information you can when applying for health related insurance.

If you need to claim - i.e. the time you actually want the insurance to work - the insurer will trawl through your medical history for details that you neglected to tell them when you applied. If they find such information, they could refuse your claim.

It might make your critical illness cover more expensive, but in the long run it could the difference between getting a pay out or nothing.

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Best Critical Illness Cover Policy from Bestlifeinsurancequotes.co.uk