Three things to know about critical illness coverage
Critical illness is something that unfortunately can affect anyone, at any time. That’s why critical illness insurance is one of the most important types of protection you can provide for you and your loved ones. In the event of the unexpected, critical illness insurance lets you focus on your health, rather than the financial burden that can accompany difficult times.
Here are three things to know about critical illness coverage:
1. Critical illness coverage can give you peace of mind
Critical illness insurance is designed to give you peace of mind knowing you have protected your quality of life if you experience and survive a critical illness. When purchasing this type of coverage, you’ll want to understand exactly what illnesses the policy covers. Your policy will include the terms and conditions that must be met to receive the critical illness insurance benefit. Illnesses not specifically mentioned or not meeting the stated criteria are not covered.
2. Get your coverage early
If you’re considering purchasing critical illness insurance – buy it early! Premiums go up with age. With a 20 or 30-year term, you can protect yourself against rapidly rising rates.
3. Coverage for children
While no parent wants to imagine the worst happening, critical illness protection is available for your children. Some companies will allow you to add relatively inexpensive critical illness ‘riders’ to your life policy.
Critical illness coverage for you and your family
You protect your phone, your car, your house… so why not your life? Fill in a quote request and one of our insurance experts will contact you shortly.