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So what is
critical illness insurance?
To explain what this type of insurance is I need to tell you the
history of it first.
First invented by Doctor Christian Barnard, who incidentally
performed the worlds first heart transplant in 1967, it is said
to be one of the most important "life" type insurances anyone
can have. It was first introduced in South Africa in 1983, were
Dr Barnard worked, but was soon introduced into the United
Kingdom were it is a product that is rapidly catching up with
traditional life insurance cover.
Designed to pay out a payment in the event the life assured
suffers one of a list of critical conditions. Examples of these
are Heart Attack, Stroke, Cancer Multiple Sclerosis, to name
just a few. Most policies cover upwards of 30 conditions so
cover can be quite comprehensive. A lot of policies can also be
extended to include permanent total disability, meaning that if
you suffered a significant injury and were unable to return to
work then the benefit can be payable, conditions and limits
apply.
It has been sold as a stand alone product as well as an addition
to other products to provide accelerated benefit payments, such
as term assurance, endowments, family income benefit and whole
of life cover.
It can be used as a mortgage protection type plan, family
protection or even key man protection, for employers that would
need a cash injection in the event a key individual suffered a
heart attack for example.
What makes this type of insurance cover so special is not only
will it pay out on diagnosis of critical illnesses it doesn't
matter what the outcome is, for example you could have a heart
attack, get better and go on to lead a very productive life. The
benefit on most of these plans is still payable in full,
allowing you the life assured to do what you want to do after
what is such a traumatic experience, making it a most valuable
cover to the life assured than any other.
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UK-critical-illness-insurance.com
45 Market Street
Wirral
Cheshire
CH47 2BQ
Tel
0800 083 6050
Fax
0151 632 2117
email:
info@UK-critical-illness-insurance.com
Office
Hours
9am - 5pm
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