What are critical illness insurance quotes?

Critical illness insurance quotes are a monthly premium price given by an insurer in return for critical illness insurance. Critical illness insurance is an insurance policy which will provide a tax free lump sum to any customer, who is diagnosed with a critical illness, and makes it through the survival period.

The survival period is a period from first diagnosis of an illness that a customer must live through to be eligible for a payout, and this period differs from insurer to insurer. Generally it is around 28 days, although each policy is different.

Why should I look at critical illness insurance quotes?

Critical illness insurance quotes are important for anyone looking at their financial responsibilities, and wondering how their family would survive financially if they were unable to work as a result of a critical illness. Those who have not thought about it should also calculate how long the family could survive without their income, and then look at critical illness insurance quotes as an ideal way to provide for the family at a difficult time.

Whilst many people will point to company sick pay, even the best sick pay policies often only last for six months, and many critical illnesses require an absence from work for far longer than that.

Where do critical illness insurance quotes come from?

Critical illness insurance quotes were the brainchild of Dr Barnard, a world renowned heart surgeon, who carried out the world’s first heart transplant surgery.

Barnard noticed that the majority of his critically ill patients were concentrating more on their financial woes, than on getting better, and decided that he could come up with an insurance policy which could combat this problem.

In 1983 in South Africa he launched the first ever critical illness insurance quote, and it has gone on to be the only insurance product in the world created by a medical professional.

What’s more, the first policy had just four illnesses and was offered only in South Africa. There are now policies with over 160 different critical illnesses covered, and there are policies offered in nearly every major country in the world.

To do your critical illness cover quote today visit criticalillnesscover.org.uk today.