When looking at life cover, the option of taking critical illness cover often comes up. But do you really need this type of policy? When looking at the statistics of men and women in the UK in relation to who will suffer a long term critical illness, the answer is a resounding yes. There is a 1 in 4 chance that a woman will suffer from a debilitating illness, and a 1 in 5 chance that a man will be diagnosed with a serious condition. With those kinds of statistics, can you really afford not to take out critical illness cover on yourself and other members of your family?
Critical illness insurance may not change the odds of you becoming sick with cancer, developing blindness or needing a major transplant surgery, but it will certainly help with the potential for financial ruin if it does happen to you. With a long term serious illness you may not be able to work or you may have large medical bills that you are unable to pay. With critical illness cover you won't have to worry about these things. The lump sum of money that is paid to you will take care of things like your mortgage, education for your children, financial support for your spouse, as well as things like medical bills, at home medical care, and so much more. So that even if you have to leave your job you will be able to provide the same kind of lifestyle that you are used to without causing undue stress and worry.
The risk is too great in life to not be prepared for everything that may come your way as you get older. It is essential that you make sure that you have your financial future taken care of with something as simple as illness cover.
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