Critical illness cover provides a lump sum payment in the event of a major health issue. There are various conditions that a critical illness policy could cover such as cancer, heart attack, stroke, and others.
These illnesses can be potentially life-changing, and having a critical illness policy can help alleviate the financial burden by providing you with a lump sum at the time of diagnosis.
These types of illnesses could have a significant impact on your life. You may need to take time off work, or you may not be able to return to work, or you may not want to go back to work. A critical illness policy’s lump sum payment can make life easier for you. Knowing that you have a lump sum payout on diagnosis can make you feel much better, and you can take your time recovering while having the peace of mind that there is money available to pay your mortgage and bills.
We have seen people use the payout for various reasons, including paying their mortgage and bills, installing a stairlift in their long-term home, or allowing a partner to reduce their working hours to help with care. Without a policy in place, this would not have been possible, and at a time when you do not want to worry about money, it meant they did not have to.
We understand that these conversations may not be easy for everyone, but we are here to help. We are happy to discuss the available types of cover and assist you in making the right decision.
If you have any questions or wish to get in touch with us, please do not hesitate to contact us through one of the following ways.