Critical Illness Cover
Protection against life threatening illnesses
Critical Illness Cover is available as a standalone policy, although it’s usually more cost effective when bought as an additional option with a Life Insurance Plan.
Just like Life Insurance, Critical Illness Cover also has an important part to play in any individual’s protection planning. Some people believe it should be given even greater priority, as statistics show that you are 5 times more likely to suffer a ‘Critical Illness’ than die before you reach the age of 65*. In other words, you are much more likely to claim on a Critical Illness plan than a Life Insurance plan.
Why choose Critical Illness Cover?
A Critical Illness plan pays out when you are diagnosed with a life threatening illness such as some forms of cancer, heart attack, stroke, major organ transplant, kidney failure and many more. Depending on the insurer there are usually over 30 conditions covered.
The cash lump sum it pays out could be vital in helping you during the recovery phase. Chances are that you will not be able to work, either indefinitely or for a significant period of time so the lump sum could be used to compensate this.
Perhaps you will also need to make important lifestyle changes as a result of suffering the ‘Critical Illness’. Again the lump sum from a ‘Critical Illness’ plan could help you and your family.
For further information on Life Insurance and Critical Illness Cover and a quote, please click here to arrange a no-obligation appointment with your local Business Consultant.
* Claims statistics, from The Telegraph