Critical Illness Cover
Friday, 07 Apr 2006 00:00
Critical illness cover is a financial product that, in return for a regular payment, pays out money if the policyholder contracts one of the illnesses the policy specifically covers.
Conditions that are often covered by critical illness cover include cancer, heart attacks, blindness, strokes, multiple sclerosis, and permanent disability.
Recent research has shown that as many as one man in four and one woman in five will succumb to one of the illnesses typically covered by critical illness cover before the age of 65.