Don't wait until it happens or leave it too late, get covered with the correct policies that ensure relief from financial worry during your recovery.
1 in 2 of us will now suffer Cancer during our lifetime
Statistic provided by Cancer Research UK. More of us than ever before will now suffer a critical illness at some point during our lives. It is important to consider what financial impact this could have on you and your family.
Critical illness cover will usually pay out a lump sum on diagnosis of a claimable critical illness. Most commonly, policies pay out for cancer, heart attack or stroke. However, depending on the quality of the contract, critical illness cover can pay out for a wide variety of illnesses or conditions.
Due to the fact critical illness policies can vary hugely between different providers, it is important to seek professional help before making a choice on what cover is right for you. The primary aim of critical illness cover is to take any financial stress away from an individual or family during a very difficult time, allowing the claimant to fully focus on their recovery. Whether the claimant decides to pay off their mortgage, make changes to their home or pay for private healthcare, critical illness cover provides much needed funds to help themselves and their family maintain the lifestyle that they are used to.
Many critical illness providers will now also extend cover to your children to ensure that the whole family is protected, recognising that your son or daughter suffering a critical illness such as cancer, could have a devastating impact on your family.
It’s our professional responsibility to ensure that your home and family are protected and that you are aware of the risks involved with taking on a mortgage. We can discuss and help assess your circumstances with you to discover if critical illness cover is relevant for you and what level of cover would be most appropriate.
Please contact us to discuss your critical illness requirements.