Welcome to GetFinancialInfo.Com! You are here: Home | Startups |

Today is:

# Why Take a Critical Illness Insurance Policy Cover?

Before we answer the question as to why we need a critical illness insurance policy cover, lets first find out what exactly is critical illness insurance. It is a policy that helps the insured in affording the medical treatment for a life threatening disease.
Medical advancements have achieved great milestones, and today we can proudly say that we have conquered many dreaded diseases by finding out their treatments. But, on the other hand, the cost of getting treated has also increased astronomically. People at times do not survive diseases just because they are unable to bear the cost of the treatment. The critical illness policy comes to the aid of the person when he requires it the most.
Unlike other medical insurance and other policies that pay a person after an unpleasant incident has occurred, the critical illness policy provides financial support to the insured. The best part is that the insured is paid a lump sum on being diagnosed with a serious ailment, so that he is in a position to afford the expensive medical treatment and can successfully recover with the post medical medication and care. The huge medical bills become seemingly easy to tackle, and the insured does not have to dig deep into his savings and other financial resources.
The critical illness policy is very flexible in terms of the payments. The payments are unrestricted, and the insured can put the money to any use. He may use the lump sum amount either fully or partially towards his treatment and subsequent rehabilitation.
The only catch in this policy is that the person covered under the critical illness policy has to survive a 30 day period, called the 'survival period' in order to claim the insurance money. In case the insured does not survive the 30 day period, his beneficiaries will still be entitled to his life insurance policy.

# Relative Articles

- Medical Insurance: The Need of Modern Times
- Mortgage payment protection insurance
- Life Insurance:A Must In Today's Times
- American Express International Healthcare Pla
- Critical Illness: The Answer is Medical Insur
- Critical illness insurance quotes
- The Ways Making Real Money Online
- 8-Step Basic Goal Achievement Theory
- How to have lenders and investors eating out
- Ishares and ETFs: Pushing the DJIA Toward the

# Bookmarks

del.icio.us

Digg

Facebook

Newsvine

Reddit

Stumbleupon

Technorati

# SERVICES

- Mortgage
- Loans
- Banking & Credit
- Investing
- Financial Planning
- Insurance
- Taxes
- Accounting
- Bankruptcy
- Business
- Buy to Let
- Legal
- Money
- Retirement
- Sales & Marketing

- Retirement Pension To Small?
- Five-Steps to Successfully Monitoring 401k In
- Retirement Can Be More Rewarding If You Plan
- Tax Credits for Retirement Savings
- It is fun to crack a joke regarding old age a
- Pensions - Goverment Action Required
- Seven Illusions, Delusions
- The Keys to a Happy Retirement

- Medical Insurance: The Need of Modern Times
- Mortgage payment protection insurance
- Life Insurance:A Must In Today's Times
- American Express International Healthcare Pla
- Critical Illness: The Answer is Medical Insur
- Critical illness insurance quotes
- The Ways Making Real Money Online
- 8-Step Basic Goal Achievement Theory

Copyright 2008 GetFinancialInfo.Com