Critical Illness Cover
When The Unexpected Happens You Need Critical Illness Cover
Critical Illness, what is it?
A Critical Illness plan is designed to pay out a lump sum on the diagnosis of certain specified illnesses. It is often ‘bolted on’ to a life assurance policy as an additional benefit but can also be a standalone plan.
Critical Illness, who is it for?
This type of plan is designed for those individuals or families whom want a lump sum if they are diagnosed with a serious illness. As an example of where this lump sum could be used is to repay a loan, mortgage, or perhaps pay for time off work. The tax free lump sum could be used towards meeting the cost any necessary alterations to your home, assist with nursing care, treatment, medication or child minding.
The quality of cover and the illnesses covered can vary significantly between different providers. As independent advisors we can help you find the plan that best meets your requirements.