There are a lot of guides out there about the rising benefits of insurance, but not many guides out there about actually taking advantage of it. The last thing that you want to do is go into buying any type of protection-based product and not know how to use it when the time comes. You will know when you need to invoke your critical disease insurance, and when you can handle things on your own. Of course, you don’t want to wait around forever because then you’re putting your family into harm’s way. No one wants to do that, so we’re just going to move right along here.
The reality here is that claiming a critical illness policy isn’t as hard as you think, but it can also take a little bit of time. That’s why it’s still good to have a liquid emergency account. You want to make sure that you have plenty of resources on your side when it comes time to start thinking about how to manage your family and still make sure that you tend to your illness.
That’s when critical illness cover really kicks in. You want to make sure that you send the insurance company all of the important details. You need to let them know that yes, you do have a critical condition. While they may not take your word for it, they will take a doctor’s word for it. Have the paperwork faxed directly to the insurance company. Do make sure that you also follow up. There’s nothing more frustrating than knowing that you’re entitled to something and not being able to get what you’re actually entailed to!
The insurance specialist that helps you process your claim will be able to give you more specific information. You might have to wait a few weeks for everything to conclude, but a few weeks is better than having months and months of waiting for government assistance to arrive. By then, you and your family could really be in a lot of trouble!
This is also where good life insurance quotes come in handy. You have to make sure that you look through multiple policies and see how each one handles the specific claims that you have. All of the life insurance and critical illness cover isn’t enough if your loved ones are going to have an uphill battle just to claim it!
Make sure that you document the entire process for your own notes. That way if you ever have to make another insurance claim through the company, you’re going to know how long everything took. It’s just a little optional step — you don’t have to do it, but it definitely helps!