Who needs a critical illness plan?

When it comes to critical illnesses, the ideal scenario would be to nip it in the bud. With early critical illnesses insurance plans growing in popularity, it signifies a shift in how the insurance industry foresees how medical advancements have changed with regards to early detection.

In the past, critical illness claims tend to kick in only after the affliction moved onto a later stage in of the illness. One of the most common critical illness claims would be against cancer amongst the many with the illnesses that are usually covered which can number in at around thirty.

Traditionally, critical illness claims usually pay out a lump sum that would help one combat the illness by defraying the cost of living expenses on top of medical treatment. Depending on how holistic and well-rounded one’s existing insurance coverage is, critical illness coverage should give one a soft landing to spend time combating and getting better.

After all, major lifestyle changes would also mean a big hit to the finances. After reeling from the shock of the initial diagnosis, be glad that your past self had the wisdom to insurance against such a mishap.


Tailoring your own personal insurance to cover the various permutations in life would be a worthwhile exercise to embark upon. At the end if the budgets allows, it might make good sense to have an early critical illness plan in place.

Premiums for an early critical illness plan can cost higher as compared to a regular savings plans. However, if the main goal would be to get a lump sum upon diagnosis of a critical illness, it makes sense to make the investment.

At the end of the day, it really boils down to an individual’s needs and how likely he might be affected by a critical illness much later in life.

Families with existing critical illnesses

Depending on how healthy you are, the likelihood of being hit by cancer or a heart condition as you age depends on your family members. As the apple falls not far from the tree, studies have shown that if a family member has been affected by a critical illness, one might very well be affected by a similar illness down the line. This is especially true when it comes to cancer.

Cancer, is often the prime candidate when it comes to early critical illness claims, largely because it might take many various forms. In the case of women, the possibilities of the daughter having to suffer from breast cancer would be higher if the ladies in the family might have been affected.

While there are many other critical illness conditions that can be considered into for the plan, it often boils down to the one that we are more likely to be afflicted with. Having a critical illness plan as a catch all might be too much for most individuals.

When it comes to considering an early critical illness insurance plan, it all boils down to whether one can afford to save more in the event of a mishap or being able to stay healthy as possible. While some factors would be hereditary where fate might deal one a poor hand when it comes to health, at least with an early critical illness plan, one would be able to hopefully ride out the storm.

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