The Growing Popularity and Importance of Critical Illness Cover

Critical unwellness screen is one of the most popular and fastest growth insurance merchandises available in the UK. This is shown by the fact that there was a 31% addition in the number of critical unwellness insurance policies sold between 2001 and 2003.

What is Critical Illness Cover

Critical unwellness insurance pays out a tax free lump sum of money to policy holders if they are diagnosed with a serious unwellness which is covered by their critical unwellness plan. Examples of serious unwellnesses covered by critical unwellness insurance policies include; strokes, bosom attacks and cancer.

Policyholders can utilize this money in any manner that they wish such as as for medical care or to cover life costs that they cannot otherwise ran into owing to loss of income.

Who Should See Critical Illness Cover

Most people make not like to contemplate the fact that they might go seriously sick and presume that it will not go on to them. However, statistics demonstrate how widespread serious unwellness is and that we should confront the fact that we might endure from it at some point.

For example, 100,000 people in the United Kingdom have got shots each twelvemonth and almost 8,000 of them are under 55 old age old. Of these, a 3rd dice within twelve calendar months and another third, over pass the remainder of their lives disabled.

Furthermore, in the UK, 300,000 people have got bosom attacks each twelvemonth and 80% of people aged between 45 and 65 survive. Whilst over 30,000 women are diagnosed with breast cancer annually many of whom last for a number of old age but travel on to need medical treatment.

Given that so many people who are diagnosed with serious unwellnesses go on to last but need in progress medical treatment and often cannot go on working, critical unwellness insurance can supply a very welcome financial safety net.