What is Critical Illness Insurance and why do you need it ? Page 2

Nearly all critical illness insurance policies cover seven main conditions: cancer, heart attack, stroke, kidney

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What is Term Life Insurance?: Term Life Insurance is a category of insurance that will payout a lump sum to you or your family if you die or fall terminally ill during the term of the policy.
What is Mortgage Life Insurance?: Mortgage Life Insurance is also commonly known as Mortgage Protection Insurance.
Laws and Life Insurance: The following Questions represent the legal aspects of Life Insurance we think you will be most interested in. The information is not definitive nor is it exhaustive but simply an introduction into the legalities involved.
Complaints about a Life Insurance Adviser: If the Life Insurance Adviser is regulated by the Financial Services Authority then he will have provided you with his Terms and Conditions at the very first opportunity.

failure, coronary artery bypass, multiple sclerosis and major organ transplant. Policy exclusions in critical illness insurance may include Alzheimer's or Parkinson's disease if diagnosed after the age of 60. Don't be seduced by long lists of ailments - as other ( life insurance quotes ) policies may include these but under a broader heading. It is important to note prior to taking out a policy that there may be certain ( loans ) exclusions in the insurance contract which may prevent payout due to life choices and circumstances. According to the Association of British Insurers, the most common exclusions include:

* Aviation

* Criminal acts

* Drug abuse

* Failure to follow medical advice

* Hazardous sports and pastimes

* HIV/AIDS

* Living abroad

* Self-inflicted injury

* War and civil commotion

The consumer organisation Which? estimates that two thirds of the population suffer from a critical illness at some point in their lives. However, whilst the principle of critical illness insurance might be relevant, it is always worth ensuring your policy meets your exact needs, so if the worst happens, you're not caught out by the small print. It's important to shop around for quotes and different policies. Comparison sites such as moneynet and moneysupermarket will allow you to do this.

me improvements, career retraining, help for your dependents and even a holiday or break away.