The Importance of Critical Illness Insurance

Insurance Calculators - Jarrad Brown

Critical Illness Insurance is cover that provides you with a lump sum payment if you are diagnosed with one of the critical illnesses that is outlined within the policy. This highlights why it is very important to ensure that you review the critical illnesses that you would be covered for if the unforeseen should occur.

Critical Illness insurance is transparent and the rates of successful claims are increasing. This makes a compelling case for having Critical Illness insurance in place. The news of the above unforeseen illnesses being diagnosed is difficult enough for you and your loved ones without the added burden of not being able to afford treatment or to meet your family’s ongoing everyday expenses.

Why is Critical Illness Insurance so Important?

1 in 5 Males

Die from Heart Disease
EVERY YEAR

1 in 3

Will Develop Cancer
ONCE IN THEIR LIFETIME

1 Individual

Will Have a Stroke
EVERY 5 MINUTES

Many of the Critical Illness Insurance policies will cover individuals for 30 major illnesses including cancers, heart attacks, strokes, tumours and other critical illnesses. The list typically includes variations of the following critical illnesses (this list varies between insurers and you must be sure to check your policy documents):

  • Major Cancers
  • Heart Attack
  • Stroke
  • Blindness
  • Deafness
  • Coma
  • Paralysis
  • Coronary By-pass Surgery
  • Heart Surgery
  • Kidney Failure
  • Loss of Speech
  • Multiple Sclerosis
  • Hepatitis
  • Major Organ Transplant
  • Hypertension
  • Alzheimer’s Disease
  • Aorta Surgery
  • Major Burns
  • Terminal Illness
  • HIV Blood Transfusion
  • Lung Disease
  • Liver Failure
  • Muscular Dystrophy
  • Parkinson’s Disease
  • Aplastic Anaemia
  • Angioplasty
  • Bacterial Meningitis
  • Benign Brain Tumour
  • Encephalitis
  • Motor Neuron Disease
Claim Statistics - Critical Illness - Jarrad Brown

With recent statistics highlighting an alarming statistic that 1 in 3 of us will develop cancer once in our lifetime ((Source: Cancer Research Institute), it becomes crystal clear that Critical Illness Insurance, for many of us, must be an important part of our wealth protection strategy.

Find Out Your Critical Illness Insurance Needs

Click on the links below to access the critical illness insurance calculator and request a quote. You can also request a no-obligation consultation with me to discuss your critical illness insurance needs and the most appropriate solution.

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