Are you insured for living? Most of us have insured ourselves for death by taking out life insurance. The last thing we want our loved ones to have to worry about when dealing with our final departure is money, so I was a good girl and got life insurance years ago. In the event of my death, my family are provided for and will be mortgage free. Quite frankly I am more concerned that no one except me knows how to operate the hoover, but that’s another story! When I was diagnosed with incurable cancer four and a half years ago, I was medically retired from my job. It was then that it came home to me that whilst I was financially prepared for death, I was NOT financially prepared for life. With...
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If you were to develop a serious illness, you may be unable to work. Critical illness cover could provide a tax-free lump sum. This would give you the ability to carry on living your life while undergoing treatment. While we all hope it never happens to us, this type of insurance could give you a certain peace of mind. What is critical illness cover? Critical illness cover pays out if a policyholder is diagnosed with a critical illness. The cover will last for a fixed period of time. If you stop paying your premiums, your cover will stop too. Your insurer will be able to provide a list of illnesses that the policy will cover. This list differs between insurers. As an example, it might cover...
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Critical Illness Insurance Industry Overview – Competitive Analysis, Regional and Global Analysis, Segment Analysis, Market Forecasts 2026 The Critical Illness Insurance market report begins with the market overview/market definition and the market scope. This helps in understanding what exactly is the report study dealing with. The next section includes the target audience of the Critical Illness Insurance market. It is very important for the clients to understand what type of users or what kind of consumers deal with Critical Illness Insurance market in order to determine their focus goals. In the last section, the Critical Illness Insurance market report incorporates detailed...
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Latest added Global Critical Illness Insurance Market research study by AMA Research offers detailed outlook and elaborates market review till 2025. The market Study is segmented by key regions that are accelerating the marketization. At present, the market players are strategizing and overcoming challenges of current scenario; some of the key players in the study are China Life Insurance Company (China), Ping An Insurance (China), China Pacific Insurance (China), Aviva (United Kingdom), Legal & General (United Kingdom), New China Life Insurance (China), AXA (France), Prudential plc (United Kingdom), Aegon NV (Netherland), Allianz SE (Germany), AIG (United States), UnitedHealthcare...
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How to choose the best health insurance plan A health insurance plan is a must for all individuals and families as it can protect you and your loved ones from the cost of medical bills in the case of medical emergencies. In fact, experts suggest purchasing the best health insurance for your needs as soon as you start earning. Having a health insurance […] A health insurance plan is a must for all individuals and families as it can protect you and your loved ones from the cost of medical bills in the case of medical emergencies. In fact, experts suggest purchasing the best health insurance for your needs as soon as you start earning. Having a health insurance plan will allow you to...
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What is Group Critical Illness cover? Group Critical Illness provides a financial safety net for your employees if they are diagnosed with a serious illness. The last thing that your staff and their family should be worrying about is their finances, when they should be focusing on their recovery. Group Critical Illness allows employees to have peace of mind, that should the worst occur, they receive a tax-free lump sum. Why do I need Group Critical Illness Cover? Sadly, a lot of the companies that we talk to about Group Critical Illness are reviewing their arrangements as they have been impacted by a serious illness in the workplace and want to provide support for employees going...
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What is critical illness cover? Essentially, critical illness cover is an insurance policy against becoming seriously ill. In the event you are diagnosed with one of a number of serious illnesses, such as a stroke, cancer or Parkinson’s disease (the number of critical illnesses covered by a policy varies between insurers), within the term of the policy, a tax-free lump sum would be paid out. You can spend the money in any way you choose, such as paying off some of your mortgage, replacing lost earnings if you are unable to work or covering medical expenses. The length of the policy and the size of the lump sum payment are chosen when you purchase critical illness cover. Importantly, a...
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"There are worse things in life than death. Have you ever spent an evening with an insurance salesman?" - Woody Allen Life insurance is the answer to the one of scariest question - 'What if I die tomorrow?' If your life is covered, you do not have to worry about any mis-happening (financially, of course!) However, have you ever wondered what will happen if you don't die! Let us rephrase - what will happen to you and your family if you are alive but not able to make any living due to some illness. On top of that, you have to bear heavy medical expenses on treatments. Here comes the critical illness cover. Critical illness cover, also referred to as critical illness insurance, is...
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Minimum acceptable age: Anyone aged between 18 and 59 can apply. Maximum term: The maximum policy... Minimum acceptable age: Anyone aged between 18 and 59 can apply. Maximum term: The maximum policy term is 40 years Maximum sum assured where critical illness (CI) is included: Applications for benefits in excess of £300,000 will be considered at the sole discretion of BUPA on the basis of financial evidence of income or assets. Guaranteed premium rates for stand-alone CI: Yes Renewable rate option under the plan: Renewable term cover is a fixed lump-sum cover which is subject to renewal every five or 10 years. Subscriptions will increase at each renewal, based on the age of the person...
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Critical Illness vs. Income Protection insurance: Compare the Pros and Cons One fear about being critically ill is that you are no longer able to earn an income in order to provide for your family. Insurance is one way of protecting you from the financial impact of being ill. The question is, what is the right product to fit your specific needs? If you do survive a critical illness but are no longer able to work, what type of cover is the best fit for you? If you are diagnosed with such illness, do you have the funds to pay for the treatments, as well as cover the usual financial obligations (your mortgage, your day-to-day household needs, and your child’s education)? Critical Illness...
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