It's Critcial! Illness Can Strike Unexpectedly ? Protect Yourself with Insurance by Mary Hobson mary.hobson@hqpublications.com Complete Insurance Guide Columnist
How do you cope if you or one of your family develop a critical illness such as a heart attach, cancer, kidney failure or a stroke? You may have health insurance, but will it cover the cost of a major organ transplant, or long term rehabilitation?
Sponsor Link
Don't leave your family in debt. Get the Globe Life LongLife Plan.
Critical illness Insurance Cover for High Cost Living
The financial problems of critical illness don't stop at the cost of healthcare. It can be an expensive business living with - and recovering from - a critical illness.
Since it is usually a long-term process, normal income is likely to be reduced, and disability income insurance cover does not come in to play for some time ? even then, disability insurance is likely to cover significantly less than normal levels of income.
Disablement is also an expensive condition, even if only temporary. Costs include: money for home care, transportation, child-care expenses, rehabilitation, and a thousand and one things that are outside the normal levels of expenditure of any family.
You need to be able to have at least financial peace of mind at a time when life is extremely stressful, and critical illness insurance makes sure that this is possible.
Critical Illness Cover to Fill the Gaps
Critical illness insurance not only allows the extra cost of healthcare for the policy-holder who experiences debilitation, but it also allows the rest of the family to be able to live their lives without undue financial problems.
You will be able to afford nursing care or disability support so that other members of the family are free to pursue their careers and maintain their own lives. Critical illness insurance is an investment in family life that you really need to take. You don't want to be caught financially strapped with no source of income.
About the Author
Mary Hobson is a consultant for technology start-ups in Russia. She has also worked as an executive officer in a defense facility and as a university lecturer in computer science and management information. Mary earned her first degree in textile marketing and subsequently studied education and computer science at a Master's degree level.
