What is the difference between life insurance and critical illness cover

Whatever age you reach, insurance can be a bit of a minefield. There are certainly lots of different definitions and types of insurance and it’s why an Insurance Brokers Bath based company like www.markrichard.co.uk/areas-we-cover/insurance-brokers-bath can be invaluable in sorting out an offer and some deals for you. There is one question about insurance that is constantly asked and certainly confuses people. This is, namely, what is the difference between life insurance and critical illness cover.

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No matter how much you try and stay clean living or try and look after yourself there is always the chance that you may fall ill. This might not be a terminal illness but a condition that debilitates your life and makes it harder for you and for your loved ones. It means that you may need help and financial support for the rest of your days. One of the ways to protect yourself is to make sure you have critical illness cover. This will stop loss of earnings taking effect.

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Life insurance is different in that you have to die to claim it. It means that your loved ones left behind can be financially secure and continue to live in the property that has been their home for years and years. It is something, like most insurances, that can give you a perfect peace of mind. Once it’s set up you can forget about it.

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