Things to Consider Before Buying a Critical Illness Insurance

1. Things to Consider Before Buying a Critical Illness Insurance Planning to buy a critical insurance policy for yourself? If yes, then you may be already confused between the several options of policy handed to you by the internet. To make this task easy, here are a few considerations that you need to take into account before buying an insurance policy. So, let’s get started. Policy Type The types of policy differ according to your requirements. You can either go with the life insurance policy or family health insurance with a critical illness rider. Or else, you can simply enroll in a stand-alone insurance scheme. You need to make sure that you choose the perfect one as per your needs as the coverage and benefits vary in all the policies. Critical Illnesses Covered Next, you need to check what all kinds of illnesses and ailments are covered under the insurance policy. The basic health check-ups and medical conditions won’t be covered under the critical illness insurance Toronto policy. So, similarly, look for other kinds of medical issues that are covered and aren’t under the policy to avoid any last-minute surprises. Current Medical Condition You need to consider your fitness level and medical history while comparing plans for critical illness policies. This is necessary as the company will conduct a health test and that may affect the premium amount that you pay. If you have any pre- existing critical illness, there’s a possibility that the insurance company may exclude it from your plan. Financial Condition Another thing that you need to consider is where you stand financially before buying a critical illness insurance Toronto policy. If you aren’t paying off any debts or loans, then you can choose the low coverage plans. But if you are paying off the debts, then it is best to buy a higher coverage to make sure that the finances stay intact even while you are suffering from an ailment.

2. These are some of the things to consider. If you are looking for an insurance policy, contact us today to know about exclusive plans and offers for you. Contact: Pranesh Kunhikrishnan Duralegacy 201-1501 Ellesmere Rd, Scarborough, ON M1P 4T6 (647) 351-3872 pranesh@duralegacy.com https://www.duralegacy.ca/critical-illness/