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 people in the UK born after 1960 will be diagnosed with some form of cancer during their lifetime*
Statistic provided by Cancer Research UK. 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.
Please note for these insurance products, terms and conditions apply. This information is a summary only. You will receive a full policy document upon application. This policy will set out the terms, conditions and limitations of cover provided under the plan.
*Statistic provided by Cancer Research UK (December 2023)