We never think a critical illness is going to happen to us, especially when we feel healthy, but it can and sadly does on occasions. What if it did happen? Imagine if you were critically ill and unable to work for a long time…… could you manage financially?
Many of us are now living longer and because of our ever increasing life expectancy it is more and more likely that many of us will suffer from, and survive, a critical illness at some point in our lives.
Typical examples of a “critical illness” are:
- Brain tumour
- Heart Attack
Upon diagnosis of any critical illness outlined in the chosen policy, you will receive a lump payment which can be used to pay any ongoing financial commitments such as a mortgage, loans etc or can be used for any specialist medical treatment / care which may be required. It can also be used to make any necessary modifications to your home, such as a stair lift etc. should they be needed.
Critical Illness cover can be taken out alongside Life Insurance, or as a stand-alone product. We can talk you through the different types of policies on the market and explain which critical illnesses would be included in your bespoke cover.