Do I need critical illness cover?

Category: Protection

The coronavirus (COVID-19) pandemic has caused many households to reassess their financial defences with the purchase of protection insurance.

The diagnosis of a serious illness can mean a tough time for your health and your wealth. If you were to become critically ill and could not earn a living, would your family cope financially?

Our lifestyles may vary, but we all need to make financial safeguards. Critical illness cover can provide vital financial security when you need it most. Most homebuyers purchase life assurance when they arrange a mortgage. However, most overlook critical illness cover. This is another form of financial protection which we are more likely to need before retiring.

Finding The Right Peace Of Mind

With the right protection in place, you and your loved ones will not have to worry about money. It is essential to find the right peace of mind when dealing with a critical illness. Critical illness insurance pays a tax-free lump sum on diagnosis of any one of a list of specified serious illnesses. These can include cancer, heart attack and stroke.

Medical advances mean more people than ever are surviving life-threatening conditions that might have killed earlier generations. Critical illness insurance provides cash to allow you to pursue a less stressful lifestyle while you recover from illness.

Combining Different Cover Types

It is almost impossible to predict certain events which may occur within our lives. Having critical illness cover in place for you and your family, or if you run a business or company, offers protection when you may need it.

You can choose how much cover you want and whether you want to combine different cover types. You can also choose to take out cover with your partner.

To discuss how we can help, feel free to book in a free no-obligation chat here or get in touch.


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