The importance of critical illness insurance has been
considerably underplayed. Statistics now show that the main reason for claiming
critical illness is cancer, with the almost 50% of all claims being cancer
related. With cancer cases on the rise, it would seem that now is the time for
investing in critical illness insurance.
With massive steps being made in the medical world, cancer
mortality rates have been steadily decreasing. The problem remains that
treatment can cost considerable amounts of money that most people cannot afford
to cover by themselves. Critical illness cover is useful if you fear you will
not be able to pay for the medical treatment you may need.
Maria Vang of www.criticalillness.co.uk
urges women to take up critical illness cover, “Breast
cancer is covered by critical illness policies, but many insurers exclude early
stage cancer, meaning that those who may need a lumpectomy or mastectomy may not
be covered by their critical illness policy”.
With the average critical illness pay out of £82,000,
critical Illness cover has never been more important. When diagnosed with any
serious illness, the last thing you want to worry about is how you will financially
be able to cope. Pay outs from a critical illness policy t play an extremely
important role in supporting those trying to overcome illness and should
definitely be considered by those who are not already covered.