Life Insurance with Critical Insurance Cover The best option

Undoubtedly, life insurance cover safeguards you and your family in the event of untimely death. Most of us believe that having a life insurance policy is necessity, while having a critical illness cover is a luxury.

It is a false notion that needs to be debunked. Combining life insurance cover with critical illness cover is an ideal option. Moreover, critical illness insurance comes at a price (not exorbitant, as most of us think), but purchasing this policy is worthwhile.

Critical illness insurance protects you from various critical or life threatening diseases like stroke, heart attack, meningitis, etc. Your insurance company will cover you against mortgages or payments; if you are unable to work for a prolonged period of time.

Imagine if you are ill, and you need to go to the hospital for surgery or any other treatment, Critical illness life insurance will protect you against gossamer of probability and uncertainty. They will cover all your expenses like hospitalization expenses, medical expenses or any other expenses directly related with Critical illness.

It is important to understand that all illnesses will not be encompassed under your Critical illness insurance. The Critical illness life insurance companies cover you, if you have a list of illness that they want to cover. If that illness is not mentioned in the list, then it won’t be covered.

Many serious illnesses can hamper you from going to a 9 to 5 job. In the end, you have to leave the job, with no income in your pocket. It is therefore, vital to have a Critical illness insurance cover to protect you and your family from any unreasonable event.

 

Remember, while some illness will not be a sudden cause of death, but they will leave you incapacitated. Strokes, heart attack, multiple sclerosis, cancers can all leave you incapable of working and will leave you in a financial mess.  In that case, the benefit of critical life insurance is felt to an individual.

Usually, critical illness insurance cover will be provided to you, if you are diagnosed with the critical illness mentioned in their list or if you outlive a minimum number of days, as approved by your critical life insurance company.

A Lumpsum amount will surely assist you at a time when you really need it. No doubt, combining life insurance with critical illness cover tends to be an expensive option, but it is worth considering, isn’t it?

The insurance providers will take into account various factors like your medical history, the medical history of your family, lifestyle related disorders, and your present state of health. It is a reassuring option that renders peace and tranquility of mind.  Most of the critical illnesses are hereditary in nature; hence your premium would speak aloud of it.

A thumb rule to claim insurance- Most people are of the opinion that obtaining life insurance claim is tough, but it is very simple. All you need to do is to speak the truth to your insurance service provider. Supplying right information can affect validity of your policy.

Discrepancies can be dangerous, if not lethal. Henceforth, always remember to check the terms and conditions of the policy.