There are plenty of sites on the internet recommending critical illness cover but is there an instance when critical illness cover is not worth having?  This depends on your own personal circumstances and views.

When Cancer Research state that everyone has a 1 in 3 chance of being diagnosed with some form of cancer at some stage in their lifetimes and you can be absolutely sure that it will never be you then no, Critical Illness Insurance might not be for you.  If you are told that every five minutes, someone in the UK has a stroke and that information does not worry you as you know that it will never be you then critical illness isn’t for you.  When you hear that 1 in 5 men and 1 in 6 women will suffer from heart disease and you can be certain it won’t be you then save your money and don’t buy critical illness cover.  There are plenty more statistics to mention and plenty more critical illnesses (PruProtect will cover over 150 conditions) but if you don’t feel that they are not applicable to you then critical illness cover will never make sense.

For those people who feel that they don’t need critical illness cover it is a blessing to be so confident that they will never suffer any of the illnesses covered in these policies.  There are a lot of people who are worried about critical illnesses and that’s why they have cover.  These people have homes with mortgages, they have families to support, they have bills that have to be paid each month whether they are healthy or not.  Personally, I can’t be that confident that critical illness will never affect me which is why I have cover.  Hopefully, I will never have to claim on it.  For those people who still feel that they don’t need cover, good luck and I hope you have made the right choice.