We don’t like to think about our family or friends becoming unwell with a serious or critical illness but in reality there is a rising number of people that are unfortunately in this position.
We can look at statistics that will tell us how many people are going to be diagnosed with cancer before they hit a certain age and each time we do the percentage seems to increase!
In more simplistic terms though, most people can think of someone they know who has unfortunately suffered in this way.
Our personal experience can easily confirm the statistics but more so, knowledge can also show us the devastating effect such an illness can have on a person, their family and their finances.
Critical illness cover is designed to provide financial support to you and your family under these circumstances, to hopefully take away the financial worries and allow you to focus on your health.
The cover will typically pay out a lump sum on the qualifying diagnosis of one of the critical illnesses covered by the policy. Different insurers cover different medical conditions to a varying degree, but the three most common illnesses are cancer, heart attack or stroke.
The lump sum payment can then provide valuable financial support to cover lost income, paying the bills or even access to specialised private medical treatments.
In simple terms it provides breathing space to enable you to concentrate on beating your illness.
Many people still adopt the attitude ‘it won’t happen to me’, but what if it does? If you have experienced a family member or friend suffer in this way, it would be worth asking us for a free initial consultation to discuss your options in more detail and ensure you and your family are protected against this issue.
Make sure you have peace of mind if the worst does actually happen to you!
The policy may not cover all definitions of a critical illness. For definitions of illnesses covered please refer to the Key Features and policy documents.
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.