Critical Illness Cover
It is a sad fact of life that whilst we are statistically living longer than ever, cancers, strokes and heart attacks are becoming more common place even if you are in good health. Thankfully the rates of survival are also increasing, but nevertheless a diagnoses of a Critical Illness can still be devastating. Would you still be able to do your job? would your home need major alterations? could you keep up with the mortgage payments?
This is where a Critical Illness policy comes into its own, whilst it is the most expensive of the insurance polices it can be the most valuable. A Critical illness policy will pay out a lump sum or income on diagnoses of a specified list of illnesses, even if you subsequently make a full recovery. Some policies even provide for free cover for your children and/or make small cash payments for minor illnesses while keeping the main policy in force.