Simple Tips to Help You Choose the Best Critical Illness Cover

Life has unexpected twists and turns and it will be helpful to prepare for the worst. Yes, you hope for the best, but you should also provide protection for you and your family if the worst happens.

Having critical illness cover will provide you with an excellent financial cushion when you are diagnosed with a critical illness. With today’s medical advances, you can survive a critical medical condition. This is good news, but this can also mean financial disaster for you and your family. That is why it will help for you to choose the best critical illness cover to ensure that you and your family are protected from the financial setbacks of your getting diagnosed with a covered illness.

Here are some considerations that will help you choose the best critical illness cover based on your unique needs:

Type of policy.
- You can get a life insurance policy with a critical illness rider. This will cover you both for the critical illnesses, and will also pay when you pass away.
- A cheaper option will be a combined life insurance and critical illness insurance policy. This will pay once if you either pass away or are diagnosed with a critical illness.
- You can also consider getting a stand-alone cover. This makes sense if you already have a life insurance policy but would like to strengthen it with an additional critical illness policy.
Traditional critical illness cover vs. severity based cover.
You should also consider whether you need a severity based cover or a traditional critical illness cover. With a severity based cover, you will have more covered illnesses, but the payments will be made based on the severity of the illness – you will usually just get a portion of the sum assured. This means lower payouts for less severe conditions.
Kinds of critical illnesses covered.
You should look at the list of critical illnesses being covered, as this may vary on the insurance company issuing the policy. Of course, you should search for a policy that will cover any illnesses which you think you are particularly vulnerable to.
Consider your current financial standing.
If you are on the clear and don’t need to pay for any debts, you can do with a low level of critical illness cover. But if you still need to pay for a number of long-term debts, it will be best to think about getting a higher level of cover to make sure that you have enough to pay for these loans while you are unable to work.

Cover Details
Type of Insurance
Type of cover
Over what period?
Amount of cover
Type of premium
Personal Details
Title
First Name
Last Name
Date of birth
Do you smoke?	No Yes
Email address
Home phone
Work phone
Mobile Phone
Is this a joint application?	No Yes
App. 2: Title
App. 2: First Name
App. 2: Last Name
App. 2: Date of birth
App. 2: Do you smoke?	No Yes
House Number
House/Flat name
Street
Area
Town
County
Postcode