Critical Life Insurance

Critical life insurance is a term that is often used to describe the life insurance policies that have critical illness cover built in. In most cases, critical illness cover is an extra rather than a part of the policy but some policies are presented with it already in place. If you want to protect yourself and family in the event of an illness as well as death then this is the type of policy that you are looking for.

Critical life insurance will cover you for a huge range of illnesses, some of which are common and some of which are not. These illnesses do vary from critical life insurance policy to critical life insurance policy so you need to read the small print before you actually decide to choose one over another. However, all of them usually cover all of the following illnesses: permanent total disability, Alzheimer’s disease, angioplasty, aorta graft surgery, brain tumour, blindness, cancer, coma, coronary artery bypass, deafness, heart attack, kidney failure, loss of limbs, major organ transplant, motor neurone disease, multiple sclerosis, Parkinson’s disease, paraplegia, stroke, third degree burns and loss of speech. In some cases, HIV or AIDS will also be covered.

In many cases, critical life insurance policy providers will ask for a medical before allowing anyone to take out the policy purely and simply because they have to make sure that you have no pre-existing illnesses. As such, you can rest assured that you will receive your payout on diagnosis and your family will be able to afford to live.