If you’re moving abroad health insurance is sure to be on your list of “things-to-do”. With 1 in 4 women and 1 in 5 men likely to contract a serious illness before retirement age, critical illness cover is something worth looking at.
If you are healthy now, a serious illness can seem like an unlikely threat. If you’re moving abroad, however, it is vital to plan for all eventualities. Critical illness cover, once known as “dread illness cover”, is designed to ease the financial pressures of ill health.
Critical illness cover works by offering a tax-free lump sum should illness prevent you from earning a living. In effect it is the opposite of life insurance, providing funds should the policyholder suffer a severe illness and survive.
There are different types of critical illness cover depending on your needs. It is always advisable to do your research before buying. Have a look at online quotes before you select a policy tailored for you.
There are many convenient calculators online to help you work out how much critical illness cover you need. You need to think about the cost of paying off your mortgage and how much to provide for your family. Unfortunately, staying alive after after a critical illness may actually bring more, unexpected costs than if you were to pass away.
Critical illness cover can help give you financial peace of mind should a serious illness strike. Individual healthcare plans can be tailored to your needs and can be done easily and simply over the phone or online.