Quite often you hear ‘it could never happen to me’ or ‘I’ll sort it out later’. Well the old maxim of “failing to plan is planning to fail” is no better suited to the ignoring of crucial decisions on protection.

Private Medical Insurance (PMI) gives you the reassurance of knowing that, should the need arise; you and your family will get prompt access to private medical treatment.

It's when you need to make a claim that you realise just how wise investing in health and medical insurance can be.

With NHS hospital waiting lists get longer, most people would prefer to be able to jump to the front of the queue; not join the back of it.

Most PMI policies will give you access to –

• Dedicated Nurse Service that provides one-to-one telephone-based clinical support and advice for cancer patients and their families.

• Telephone based health information lines, usually available 24 hours a day.

• A range of covers allowing you to choose what's best for you and your family.

• Private medical treatment at a time that suits you and your family.

• Hospitals of your choice.

Premiums are worked out on the basis of age and the type of cover required and there is a wide range of different insurances to choose from. At the basic level PMI clicks in when you need specialist treatment or you need to go into hospital. Some policies cover you if the NHS cannot provide treatment within a certain period of time.

At the luxury end of the market there are policies that cover a wide range of medical services such as dentistry, eye care and even spectacles, although the more a policy covers, the higher the premium will be.

In order to make sure the policy you choose is the right one to meet your needs it is worth speaking to an adviser who has specialist knowledge in medical policies and can guide you through the maze of different offerings on the market.

THE PLAN WILL HAVE NO CASH IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF PREMIUMS ARE NOT MAINTAINED, THEN COVER WILL LAPSE.