The decision to take out critical illness cover is completely down to the individual and while many are happy to rely on the care provided by the NHS, there are some definite advantages of having this kind of policy. Unfortunately, many people lose their lives to these kinds of illnesses, particularly heart disease and cancer, each year and therefore it can be a comfort to have the finances in place to ensure you have access to the best possible care in the event that you are diagnosed with a serious health condition. Critical illness cover offers clients the opportunity to take advantage of the best facilities and treatments available and also offers additional financial support for any family members they may have. Many policies automatically include children in the policy, providing that they don’t require treatment for congenital treatments.
Statistics have revealed that people are much more likely to be diagnosed with one of the health conditions listed above than they are to die by the time they reach 65, so critical illness cover may be a more worthwhile investment than life insurance. Many policies also offer a lump sum payout in the event of death. Experts recommend that people take out both life insurance and critical illness policies if they are worried about coping with the financial demands of a serious health condition or leaving loved ones in the lurch if they should pass away.