Critical Illness / Serious Illness Cover
There are many medical conditions and illness that are not fatal but can have serious impact on lifestyle and our ability to earn a living. You could be facing financial hardship as well as battling a serious illness. Even after a medical recovery, you may decide to change career plans to reduce stress.
A Critical Illness insurance policy will generally provide you and your family with a (tax-free) lump sum in the event of you suffering from certain types of critical illness, serious illness or if you have to undergo certain types of surgery as defined within the policy wording.
Generally, Critical Illness cover will be available as an addition to your life assurance policy or it can be bought on a stand-alone basis. If you contract an illness that is not defined in your policy, you will not receive a pay-out.
Could you cover the loss of income with your savings? If the answer is no, then you should speak to one of our experienced financial advisers to discuss a critical illness insurance policy, income protection or perhaps both.
The type and size of the insurance premium, will depend on your age and the type of cover you need; our approachable team here at People and Business will guide you through the process, to protect you and your family. Click here