Critical Illness Insurance

Why Consider Critical Illness Insurance:

You may be shocked to learn that the average age for open heart surgery is just 35! (source: Zurich Insurance).

One in two of us will get cancer during our lives, and the next biggest areas of claims are heart conditions, stroke and multiple sclerosis. Thankfully, modern treatment means that these are survivable illnesses.

• But could you manage without income for months?
• How well would you recover with financial worries?
• Would a lump sum cash payment help?

Choosing the Right Critical Illness Insurance:

Selecting the most fitting critical illness insurance plan is a personal decision that should align with your unique needs. Here’s how to ensure your choice matches your life stage:

• Assess Your Specific Needs: Consider your current health, lifestyle, and potential risks that align with middle adulthood.
• Compare Policy Options: Explore the range of critical illness insurance policies available to understand the coverage each offers.
• Understand Terms and Conditions: Delve into the terms and conditions of each policy, ensuring they align with your stage in life.

Managing Critical Illness Insurance:

Unlike life insurance which is mainly a cost driven decision, choosing the most appropriate critical illness policy is more complex.

Critical illness cover most commonly pays you out a lump sum provided you survive 28 days from being diagnosed with a critical illness. Critical Illness Insurance is more than just a safety net; it’s a lifeline, a source of reassurance in uncertain times. It can pay your bills while you recover, pay off your debts, and even allow you to choose private treatment and avoid NHS waiting lists.

However not all policies are equal. There can be a big difference in the range of conditions covered, and exactly you can claim for can differ between providers. These factors make critical illness insurance a difficult product to buy online.

• Good independent financial advice is essential.

Not only have we helped our clients set up cover, but we have also helped when it came to a claim giving our clients support and assistance during the most challenging times.