Critical Illness
Critical Illness pays out a lump sum if you survive a specified critical illness, such as some forms of cancer, a stroke, MS, a major organ transplant, coronary artery bypass, heart attack and kidney failure. You can use the payout to pay for medical treatment, pay off your mortgage or anything else to ease your financial worries while you hopefully recover.
The policies can be complicated and can vary widely with regard to the illnesses covered so it is important to receive the correct advice.
If you have children and one was diagnosed with a critical illness and was in a hospital many miles away it is likely that you would want to stay with them or at the very least visit them everyday. Could you afford to do that? Most Critical illness policies include benefits that are paid out if one of your children should suffer in this manner at no extra cost, without affecting your own personal benefits from the policy.
The cost of the cover is normally calculated from the level of the benefit, however if you have a budget in mind, companies will calculate a level of benefit from whatever you feel you can afford. Some companies have a minimum premium for this benefit of £5.00 each month, so the cover can start at an affordable level.
Our experienced financial advisers will be able to help guide you through the most suitable critical illness cover options available to you. They can discuss at further length with you, a suitable level of cover to best suit your individual requirements. We are able to look at products from within the UK marketplace.