Critical illnesses cover in your life insurance policy

Life insurance should be mandatory in todays pressure filled existence irrespective of what you do for a living. The ultimate aim of life insurance is to provide security for your family in the event that anything should happen to you suddenly. While this happening may not result in death, you may be afflicted with some illness that requires large sums of money to treat.

Although, you may have health insurance that covers such eventualities, there are limitations as to how much you can use it. To help, many life insurance companies provide cover for listed critical illnesses as a financial help to your needs in time. Although this rider comes with a marginal excess on premium, it is worth the investment since you cannot foresee the future. Even if you could, you cannot avoid the expense; hence, having the rider ingrained into your life insurance policy will only help.