While the majority of people who take out a critical illness policy choose a policy that also includes life insurance, there is also an option many dont consider – a standalone critical insurance policy. So whats the difference you might ask?
Ways To Purchase Your Life Insurance
When it comes to buying life insurance it is important that you purchase a policy that is suited to your needs and that of your family.
Understanding Critical Illness Cover
One of the many forms of insurance that you can take out to give you financial peace of mind in the event that something should happen to you is critical life insurance. This type of cover will pay out a lump sum should you be diagnosed with one of the illnesses outlined within the policy.
Maybe You Can Afford Health Insurance
As a health insurance agent, I call many potential clients and hear the same thing! They tell me that they’ve already spoken to an insurance agent, know how much health insurance will cost them, and tell me that they are very sorry, but they just cannot afford the bill! When I ask them how much the agent quoted them, I find that they were given price estimates two or three times more than my initial offer.
Do I Need Critical Insurance Cover?
Critical illness insurance can be a Godsend for anyone who would suffer financially if they were to be diagnosed with a critical illness such as cancer, a heart attack or stroke. If something such as this should happen, then the bills would soon mount up, bills including your mortgage, your medical bills if any, taking care of your family and the future – these all come into play.
Do I Really Need Life Insurance?
Deciding whether or not you need to insure your life can be tricky. For many people they consider it just another outlay that they could do without. But is it something you should seriously consider taking out? If you have a family who are dependant on you then life insurance is something which you should certainly consider taking. Having life insurance doesnt just mean the funeral expenses would be covered in the event of your death, it is much more.
Better Deals For Life Insurance Policyholders
It was announced in May this year that the industry regulator the Financial Services Authority are asking for better treatment for those who hold life insurance policies in the UK and those who wish to purchase life insurance cover. It seems that some advisers selling life insurance policies are giving consumers very poor advice regarding the product, both before the sale has taken place and after.
Insurance Position on Bird Flu from LifeSearch
The expected outcome across a range of typical protection products we would expect in the event of a claim.Would we expect a policy to pay out?