- Buying Life Insurance? One tip to save you thousands!
- Life companies keep their initial quoted prices low by being choosey on who they accept on standard terms. Having made a formal application, two thirds of applicants will face a loaded premium. This article explains why and what the shopper can do about it choose an online broker!
- Tips for Choosing a Life Insurance Company
- This article argues that you need to consider the merits of the life insurance company providing the policy, as well as the policy itself.
- Tips for Choosing a Life Insurance Company
- This article argues that you need to consider the merits of the life insurance company providing the policy, as well as the policy itself.
- Critical Illness Insurance and Life Insurance Cover for Better and for Worse
- What does critical illness insurance do? This article explains.
- Life Insurance. Why does less than half the UK population have cover?
- There are still lots of families without life insurance cover. This article investigates the reasons.
Critical Illness Cover in the UK
There are three main types of insurance cover you can buy to protect yourself and your family: life insurance, private medical insurance and critical illness insurance. If you want your financial health to be completely bionic then you could choose all three types of insurance, but if your family finances are more restricted, it might be better to insure yourself with critical illness insurance and life insurance. Critical illness insurance should not be confused with private medical insurance or ( personal loans ) even income protection insurance and it's important that you do a full evaluation of your needs before you pursue the different insurance options.
The purpose of critical illness cover (CIC) is to fill a gap that is left by traditional life insurance policies, which will only provide a pay-out on the death of the policy holder. CIC provides a tax free lump sum following the diagnosis of one of a number of life-threatening illnesses or certain types of surgery. The sorts of situations usually covered include the diagnosis of cancer, a stroke, a heart attack, the loss of a limb and ( life insurance ) many other serious disabilities.