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Even though we know that at some point in the future we are no longer going to be here, you will never know if you are going to fall seriously ill or end up becoming disabled. Serious illnesses like cancer and HIV can happen to anyone at any point in their lives, whether it happens naturally, by force or by accident. The same thing can be said about being disabled. You could be driving through an intersection and someone neglects to stop at the light, and the resulting accident could you paralysed from the waist down. Your whole life would change if any of these things had to happen to you, and if you are not prepared for it then you will need to make a few changes. The first place to look is your existing life insurance policy where you are currently insured. Most financial institutions that offer life cover will offer disability as well. Pricelineprotects.com.au is a prime example of a company that offers you more than just life cover. You can apply for quotes on disability and serious illness, or you can simply get it added to your existing life policy as it stands currently. Either way, it is important to consider all the financial implications of having such a policy in place. At first this might sound like a way to put you off of adding it to your insurance, but the fact that there will be a marked increase in your monthly contribution is something you have to seriously consider. The reason for that is because you need to ensure the integrity of the policy by making sure that it is always paid up. If you default on your payments, then you lose the cover and you have effectively wasted the money you have already contributed. In addition to that, you don’t want to find yourself in a position where you have to claim for something and you can’t because your finances have not gone through. Always remember that it is one thing to want to provision for things, but it is an entirely different thing when you lose your policies because of your own inability to control your finances. As harsh as that might sound, you still have to face the fact that if you default on the policy, then you default on the cover that you were looking for. If you can’t cope financially without the policy then it is essential that you are able to make provision for it and ensure you get your value from the policy.
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