Why have life and critical illness cover?

Have you ever heard about a severe accident? Or a sudden stroke or heart attack, or a sudden diagnosis of a disease like cancer? Who is the victim? Can you imagine? If the person is shorthanded with finance in such a condition, how will they overcome this financial gap? Ever imagined?

Life is like an unexpected roller coaster, it gives you turns, up and downs, and sometimes these turns are so severe, that they can cause a huge impact on your livelihood.

For dealing with these situations, a good option is to have critical illness cover and life insurance.

Critical illness cover

Life and critical illness insurance is a great way of making a safeguard for the life of not only yourself, but your family. This secures your future by helping you, it ensures that if you suddenly fall ill, or are suffering a life-threatening illness, you will not be left financially shorthanded.

It allows you to cover the financial gap that can occur in case of an emergency, critical care illness can include several conditions, such as:

1. Strokes

2. Heart attacks

3. Certain types of cancer

4. Certain stages of cancer

5. Multiple sclerosis and other debilitating conditions

6. Permanent disability because of illness or injury

You will be given a lump sum payment, whenever it would be needed. Central mortgages provide you a tax-free lump sum payment if you are diagnosed with any of the above illnesses. You can use this amount against the severe emergency situation you are going through.