Medicare Supplement – Insurance Quotes

Critical Illness Cover was introduced in 1984 in South Africa and has become popular in many areas in the world since then. It was originally sold as a ‘cancer policy’ in the United States and would cover a person against a number of different forms of cancer. Since this time it has grown in popularity in many regions and countries of the world including the United Kingdom, Canada, Israel, and many countries in Eastern Asia.

If during the term of your policy, you are to be diagnosed with one of the critical illnesses on the policy list then you will receive a tax free lump sum. Some countries may tax you on this money but it is not common. There are a variety of Critical illnesses that will be covered in a policy like this. Some examples include stroke, cancer, heart attack, coronary artery surgery as well as kidney failure. Certain companies may only cover 8-10 illnesses while others can cover over 100. Make sure that you know all about your policy before you sign the papers. Knowing what you’re signing is very important. The money support that comes after you become ill can be invaluable in making your life a little bit easier during a tough time. This is one of the many reasons that people go with these policies.

Dread Disease Insurance, the name for the first form of critical cover in South Africa, was not used for very long after the insurance product was brought to other countries. It wasn’t a very marketable name, it was said at the time but the policy did become quite popular after that. You wont see many (if any) insurance providers calling it dread disease insurance anymore – even in South Africa. Instead providers will use terms like crisis cover or trauma cover but the two most popular descriptions are still critical illness insurance and critical illness cover. Many insurance companies have expanded their list of protected conditions in order to grow the number of customers they have so some policies will cover for many different things.

Critical cover is most useful for people that live in countries with poor social health insurance that would not cover them for a serious illness. In many countries around the world if you get sick, it becomes your problem and no one will pay for it except you. You might also want to get critical illness cover if you want extended coverage if you fall ill. Having this protection could mean that you have the best possible care and treatment and for many people that is worth it. It means they can get healthy faster.

The additional benefits of these types of policies are many. First of all, you might need money to cover non-medical expenses. Critical illness cover does that. There will be many things in your life that could change if you get a serious illness including the way that you get around in your home and out in public. You might not be able to walk anymore or reach high objects etc. Critical illness policies will cover things like walkers and carts and will help you make your home more livable. It’s all about piece of mind with Critical Illness cover so it really depends how much that is worth to you.

Looking to find the best deal on critical illness cover for children, then visit www.criticalillnesscover.org.uk to find the best advice on the illness covered with critical illness cover.

Tags: critical illness insurance, Insurance, Life Cover, Life Insurance, money

This entry was posted on Wednesday, March 10th, 2010 at 10:42 pm and is filed under Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.