Critical illness insurance covers a wide array of different illnesses, however not every policy covers the same illnesses and they don’t all cover the same amount of illnesses. It is essential that you ensure that you are covered for any illnesses that you are particularly worried about getting, and the only way to do that is to speak to someone over the phone. The original critical illness policy only covered you for four different illnesses; the insurance policies today can cover you for over a hundred different illnesses. The original illnesses covered were cancer, coronary artery by-pass surgery, heart attack and stroke. Since the original policy was created many illnesses have been added to policies while others have been removed because medicine has improved making some illness that may have once been classed as critical no longer critical as it can be easily treated with medication. In the years to come the illnesses covered currently by a critical illness policy will change because medicine is continually evolving and improving.
It will be very beneficial to take out a critical illness policy because although you may not feel as though you will become critically ill you never know when it is going to happen to you or if it is going to happen to you, but if you have protection in place you will not need to worry about what you are going to do. A critical illness policy gives you one lump sum payout, the payout from your insurance policy is yours to do with as you wish, whether that is paying for medical care, making improvements to your home or choosing to spend it on enjoying time with your family. Some people may choose to use the payout they receive to maintain their financial commitments if they have suffered a loss in income due to being out of work.