What is critical illness insurance cover, and do I need it?
As a broker, it is our job to ensure that you have cover in place that’s right for you. Critical Illness Insurance pays out a monetary amount upon diagnosis of a critical illness or disability. Critical illness is a one-in-two chance; that means it’s affecting me or you.
You should ask yourself if you fell ill and could not go to work, would you be able to afford to pay for your bills, family and lifestyle?
Having life insurance and critical illness cover means you have peace of mind knowing that if you are ever to become seriously ill, you have the right protection in place to ensure money is not going to be an issue, and you can concentrate on getting better.
If you already have cover and would like a review, or you’re ready to discuss how you can protect what matters most, start by arranging an appointment with one of our team.
Critical Illness Insurance Cover pays out in a lump sum when you or your family are diagnosed with a critical illness or disability. During our lifetime, cancer will affect 1 in 2 of us. By having the right cover in place, you will receive a sum of money that will help reduce the stress of having to think about how you can afford to pay your bills should you require time off work to recover.
Not only does critical illness insurance in the UK protect you, but your children could be automatically covered under your policy. Having a child who is seriously ill is a parent's worst nightmare, and you want to make sure you will be able to be by their side throughout this awful time. Having your child insured means that you would receive a lump sum of money to cover your inability to work due to a child being sick.
Many clients choose to combine life insurance and critical illness cover for more complete protection, especially when considering their long-term financial security. Having life insurance and critical illness cover together means you’re protected not only if you pass away, but also if you’re diagnosed with a serious illness during your policy term. This type of life insurance with critical illness can be particularly helpful for covering mortgage repayments, reducing financial pressure at a difficult time, and ensuring your loved ones are supported. If you’re unsure about the right level of cover, our team can help you review your options and obtain a tailored policy that suits your needs.
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