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UK Life insurance cover and Critical illness insurance for better and for worse

Posted On : Feb-04-2011 | seen (308) times | Article Word Count : 517 |

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Living life without tensions has become an impossible task these days and impossible itself says I AM Possible. The statement goes with Insurance; one who has an insurance covered on his/her name is living a life with peace than others. So, what are you waiting for, go and grab your piece of opportunity and take the maximum from it. There are many kinds of insurance available, but there are only few that is feasible and suitable for all kind of people and our policies cover everyone.
Life Insurance, in general terms is Insurance covered on your life. A way or guide to lend a hand to people and their family financially secured after the death of an individual. It also aims to pay a one off cash lump sum on death [amount of cover] to help pay off a mortgage, or provide a lump sum to ease the financial worries of family. It also gives you liberty to pay out reduced cash lump sum instead if you’re diagnosed with a terminal illness, or may be to insure yourself or someone else.
It is targeted for people who don’t drink lot, don’t smoke and are generally healthy. This simple doesn’t mean that one who has some illness can’t get Insurance on his/her name, the only difference is a higher premium. It is essential to give a true picture of yourself during the course of joining insurance on your name. An honest application would give fair return in the end to an individual along with true premium paid.
Another general category of Insurance is Critical Illness Cover; provides a lump sum & tax free money on your diagnosis. A serious illness such as cancer, stroke or heart attack that every 1 in 4 women & 1 in 5 men face at the retirement age helps you to cover as a Critical Illness Cover. This gives you peace of mind knowing you can spend precious time with your family and still meet financial commitments. These insurance pays benefit on the diagnosis of certain specified illness.
The one-off lump sum payment you receive from critical illness cover and life insurance policies are designed to help support you adapt to these major life-changing illnesses. If you have a stroke, you may need to adapt your car or buy a bigger car to make it easier to get around. After recovering enough from illness you may be unable to get the same job you previously had so you may need funds to retrain for a different occupation.
Critical Illness Cover can provide cash to allow people to pursue a less worrying lifestyle while they recover from illness, or use it for any other purpose. This is not the situation as half of women in Britain have no life assurance, critical illness cover or income protection and they rely on their partner's policies instead. But with one in every five claims for critical illness cover for breast cancer, and about 46,000 people diagnosed each year, now is the time to make sure you have the right protection.

Article Source : http://www.articleseen.com/Article_UK Life insurance cover and Critical illness insurance for better and for worse_51584.aspx

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UK Life Insurance, best life insurance policy, Critical Illness Insurance policy, Critical Illness Cover Quotes, uk life insurance information, income protection insurance, family income benefit quotes, latest information for uk life insurance, life insurance policy in uk, Over 50s life insurance

Keywords : UK Life Insurance, best life insurance policy, Critical Illness Insurance policy, Critical Illness Cover Quotes, uk life insu,

Category : Finance : Insurance

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