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Editor’s note: This is a guest post from Matthew Donald
Here is a surprising statistic. According to the Department of Work and Pensions around 2.2 million people who are old enough to work will miss an average of 6 months of work at one time or another because of illness or a disability! With the way the economy around the world has been that is a long amount of time to have little to no income coming in to take care of rent or mortgage, bills and other household needs. There are insurance companies out there that have a product called critical illness cover.
Critical illness cover is an insurance that helps when you become ill with many common and uncommon illnesses that impact your way of life. This is income protection that gives you a set amount of money paid out in a tax free lump sum to help you during your time of need. Whether the money is to help with paying medical bills, buying food, medicine, paying monthly bills or any unexpected costs that occur during your treatment, it is there for you when you need it.
Each critical illness cover policy many list different illnesses which is included in the policy itself. Most cover illnesses such as HIV, kidney failure, stroke or heart attacks to name a few. Most if not all critical illness cover policies include cancer on their list of covered illnesses. Which is a load of many minds especially since cancer affects 1 in 3 people at some point in their lives. Women even more so since 120 women a day in the UK is diagnosed with breast cancer.
The best thing for anyone who is interested in critical illness cover is to go online and search for the best quote that will cover their necessities in case something does happen. It is can be even more difficult to recover when you are worries about where you will get the money to cover your expenses. This insurance helps by taking away some of the worry so you can recover or deal with your long term illness without the added stress.
If you are interested in Life and Critical illness and the financial protection involved, you can get honest and independent advice about life and critical illness cover from life-critical-illness-cover-quote
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