The Importance of Critical Illness Insurance

There are some things in life that we have no control over, like life-threatening diseases that strike with no warning whatsoever. How many of us have been left feeling bereft after loved ones have succumbed to sudden cardiac arrests or strokes? Even the best doctors are of no use at such times. But there is one thing that you can do to make life a little better in the event of such a fatality – take out a critical illness insurance policy to prevent the same thing from happening to you and your family. Critical illness insurance is similar to life insurance, except that you get the money when you’re alive. If you or a loved one have been diagnosed with an illness that may be critical or a disability, like cardiac arrest, stroke, cancer, multiple sclerosis, kidney failure, paralysis, rheumatoid arthritis, brain tumor, loss of limbs, major organ transplant, blindness, deafness, Parkinson’s disease, Alzheimer’s disease, Lou Gehrig’s disease, coma and the like, a critical illness insurance policy helps cover your medical expenses during the time of your recovery. These policies kick in when you’ve been diagnosed, and if you survive the diagnosis for a period of time specified in your paperwork, you get the entire amount based on certain conditions. Some policies pay out only a partial sum depending on the nature and severity of your illness. The terms and conditions are laid out clearly when you buy the policy. Critical illness insurance offers family assets protection cover too – you don’t have to resort to selling your home and other assets in an effort to raise money to cover your medical expenses. You may also need money to remodel your home if you’re disabled, pay for trained help, and make changes to your lifestyle. Technological and scientific advances have ensured that our lifestyles have undergone a sea of change – we no longer walk even short distances or eat natural food. The easier our lives become, the more prone we are to illnesses and sickness. However, there is a solution to these ills – regular exercise and a healthy diet go a long way in keeping you out of danger. But if there is a threat to your life, with coverage from critical illness insurance, at least you know your medical and other expenses are taken care of. By-line: This article is contributed by Sarah Scrafford, who regularly writes on the topic of EKG Training. She invites your questions, comments and freelancing job inquiries at her email address: sarah.scrafford25@gmail.com.