There are so many different insurance providers on the market out there, that deciding upon whom to insure with can be a very difficult decision. You should take a lot of different aspects into consideration before you buy this type of cover. You should ensure that you are aware of the cover that you are buying and make sure that you are happy with the illnesses covered and listed by the provider. It is crucial that you do not just jump in and buy the cheapest available policy on the day you start looking for critical illness insurance policy.
If you didn’t have this type of insurance in force, how would you and your family be able to survive if you were unable to return to work and earn a wage. No matter how much you cut back on spending upon diagnosis of an illness, it is unlikely that you can get your hands on a cash lump sum like you can do with a critical illness insurance policy. Despite this aspect there are still over fifty five percent of people in the United Kingdom who do not have a form of critical illness insurance in force. Many people often tend to associate a critical illness with some one of a pensioner age or generally of a mature age. This is not the case. Anyone of any age, can be diagnosed and suffer with a critical illness.
Statistics confirm that lung cancer is the biggest form of cancer present and has a one in four chance of being developed at some stage in an individual’s life; it also kills approximately thirty five thousand. Approximately 20 percent of all men smoke and 20 percent of all women smoke. With a critical illness there is in this day and age a greater chance that if you did suffer from an illness that you have a much higher chance of surviving the illness and getting better, however without a critical illness insurance plan in force, you are still left with the worries of who would pay for the existing commitments that are already in force.