It is very important for some one to have life insurance. The question is, when the right time to start life insurance? Well the best answer should be the earliest possible. We will examine the case of young man who still lives with their parent. He may start his career. After some time he may think about moving out and find his own flat. He has a car and insurance for the first time. It was probably the first time for him to have insurance.

This lad decides to take life insurance while he is still young, fit and healthy. Obviously he has the best insurance rate possible. Critical Illness (CI) insurance cover is probably the best for him. Life insurance is design to pay the beneficiary of the policy holder, while CI covers design to give maximum support when you get ill. For young lad who starts his career at the earliest stage, an illness could be serious financial difficulty. The latest results that one in three people will develop cancer in some stage of his or her live. The good thing is that the cure rate and the treatment is getting lower every years.

As medical sciences develop, more and more people will survive from the illness. Even major illness too, there is high possibility for the sufferer to be cured. However some medical treatment requires long period of time. It may be several week or even mouths. During this period the sufferer obviously should off from work. There is possibility that this particular person will not able to carry the job like it use to be. In this case changing the job is unavoidable. On certain circumstantial he should change the car or house.

Without CI cover the company where he works will only able to pay his wages for only three month only. After that he should only really on incapacity benefit. For those who work on contract or self employ the situation could be worse. On this most needed situation the CI insurance will pay you lump sum so that you concentrate more on your treatment to get complete cure.