Critical illness cover is a type of income protection wherein the lump sum amount paid by the insurance company can be used for any purpose the insured person wants. The amount can be used to pay medical bills, utility bills, mortgages, treatment expenses, home renovation expenses or any kind of expenses that can help ease off the pressure off the insured. Critical illness insurance is however slightly different from income protection insurance which only covers the repayment of debts including loans, mortgages or credit cards over a specific period of time. Also, the income protection cover offers to pay the insured monthly payments up to usually 12 months, while the critical illness insurance generally payout a lump sum amount.
Critical illness cover is offered by many insurance companies each having their own list of illnesses or conditions covered. Generally, most of the companies have cancer, heart attack, transplant surgeries, stroke, deafness, kidney failure, multiple sclerosis to name a few, which are covered within their policies. However, it is better to check with individual company about their covered conditions and other terms and conditions.
There is no doubt that critical illness insurance provides a number of benefits when a person needs surgery, post surgical treatment or aftercare. Apart from providing insurance cover for all such big expenses the critical insurance policy also protects the family of the deceased by providing financial support.
There are a large number of companies offering critical illness cover to customers. To stay in the competition, all of them offer competitive and affordable premium rates that are suitable to every budget. The best way for a policy seeker would be to search around a wide array of insurers and find the perfect policy that best suits the individual requirements.
The website http://criticalillness.co.uk is your one stop shop solution to get the most comprehensive information on critical illness cover. The website offers complete information on various issues related to critical illness insurance including the basics of critical illness insurance policy; how to get cheap critical illness; tips on buying critical illness; what is joint critical illness; what about over 50s and over 60s critical illness; mortgage protection, and several others. You can even apply for online quote for critical illness and life insurance cover, life insurance cover, income protection and mortgage payment protection. If you have any queries regarding any of the insurance policies, you can even post a question on the website.
For more information on critical illness cover visit the given link.
Address: Craven House
14-18 York Road
Phone: 0800 0430413