If you have dependants, your first priority should be making sure that they would be able to manage financially if you died.
However, if you are self-employed, buying permanent health insurance comes a close second to life insurance if you could not work because of ill health or an accident and this left you with not enough to live on.
If you are an employee, whether it is worth a look depends on what your employer would provide in the way of sick pay and/or retirement benefits if you were too ill to carry on working.
If you do not do paid work but your family would have to pay to replace the services you supply if you fell ill, permanent health insurance would be worth considering.
If you are already retired, permanent health insurance is not for you.

Income when you are ill - Income Protection and Mortgage Protection

If your income was cut off because you had to give up work – either temporarily or permanently – as a result of chronic sickness illness or long-term disability due to a personal accident, what would you do? If you are an employee, there are four possible sources of replacement income: your employer, the state, your pension (if you pay into one), and your other resources.
If you are self-employed, the last three are the only possible ways to replace your earnings.
Income Protection Insurance is designed to pay out a monthly lump sum to replace your income should you become incapacitated.Likewise Mortgage Protection Insurance protects your mortgage repayments should you become ill and unable to afford the monthly payments.

Health Insurance Quotes recommends you visit the large British Insurance portal at www.personalaccident.co.uk which offers permanent health insurance and mortgage protection and income protection to cover all your repayment needs should you become ill or incapacitated through an accident . Mortgage payment protection insurance unlike health insurance is not subject to a medical examination and is paid on a monthly direct debit basis allowing you to switch or stop cover whenever you wish.

See also : Critical Illness Insurance