Critical Illness Cover
Critical illness cover provides you with a lump sum of money in the event that you are diagnosed with certain illnesses or disability. Our advisers are here to offer expert guidance that will enable you to decide whether critical illness cover is right for you.
How does critical illness cover work?
Critical illness insurance is designed to cover particular long-term illnesses and serious conditions, such as heart attack, cancer, stroke, loss of arms or legs, Parkinson’s disease and multiple sclerosis. These conditions and illnesses can prevent an individual from being able to work for a long period of time or potentially for the rest of their life, which can cause their finances to take a hit.
By having critical illness cover in place, you’re protecting your finances should the worst-case scenario arise.
What should the money be used for?
The cash sum from critical illness cover is often used to cover mortgage payments, monthly bills and everyday expenses, although you can actually spend it any way you wish or put it aside for the future. Critical illness cover will still be paid out even if you’re receiving sick pay from your employer or state benefits, helping you to ensure that you’re never out of pocket due to illness.
Should I take out critical illness cover?
It’s entirely up to you whether or not you take out critical illness insurance. It may be the case that your employer offers sick pay, or you may believe you have enough money already put aside to cover your costs if you were unable to work due to a critical illness or disability. In the words of Benjamin Franklin, “In this world nothing can be said to be certain, except death and taxes”. Of course this isn’t something that we want to think about, but what if something were to happen that meant part of your household income was removed? If the answer is that it would cause pressure on your own or your family's finances, then we strongly urge you to consider taking out protection.
Ask us about critical illness cover
Interested in critical illness insurance? Our financial advisers will talk you through your options, help you to explore different policies and provide expert advice that will enable you to make an informed decision.
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Critical Illness Cover in Worcestershire and Kent
Droitwich Office
5 Saltway, Droitwich, Worcestershire, WR9 8LB 01905 779697
Sevenoaks Office
46 Holly Bush Lane, Sevenoaks, Kent, TN13 3TL 01732 926255
