Individual Critical Health Insurance
The term Critical Health Insurance will send most people running. But perhaps everyone should plan for such an eventuality?
Reports have shown there is a strong possibility that at some point in your life you will have a critical illness so most of the health insurance suppliers now cater for these conditions.
Critical health insurance is designed to protect your loved ones but the primary reason why people buy critical illness cover is to ensure that mortgage repayments do not lapse.
Even though a person may be suffering with a deadly illness; critical illness health insurance will ensure that medical expenses as well as living expenses are met. If you have close family responsibilities then there can be no doubt about the benefits of having an insurance plan in place should the worst occur.
Smokers are treated as higher risk applicants; this includes anyone who has smoked within the previous year, and as a consequence they are placed in a high risk category. Smoking is a potential threat to your life so premiums will increase even though the health insurance company will also consider your age, type of work you do, general health and pastimes, before it issues the cover.