Critical Illness Cover
Critical illness insurance is suitable and advisable for just about anyone especially if you were to suffer financially if you were to get a critical illness or become permanently and totally disabled.*Defintions apply
If you suffered such an illness and had a critical illness policy in place this would allow you to receive a lump sum to help with recuperation, medical costs, payment of your mortgage, regular payments possibly to replace your income or even give you a sum to pay for modifications to your home such as widening your doors for a wheelchair if you were to become permanently disabled
If you have children and one was diagnosed with a critical illness and was in a hospital many miles away it is likely that you would want to stay with them or at the very least visit them everyday. Of course you would do it but could you afford it? Most Critical illness policies include benefits that are paid out if one of your children should suffer in this manner at no extra cost without affecting your own personal benefits from the policy.
The cost of the cover is normally calculated from the level of the benefit, however if you have a budget in mind companies will calculate a level of benefit from whatever you feel you can afford. Some companies have a minimum premium for this benefit of £5.00 each month, so the cover can start at an affordable level.
Independent Mortgage Solutions will be able to help to guide you through the best critical illness cover options available to you and can discuss at further length with you, a suitable level of cover to best suit your individual requirements. As independent advisors we are able to look at the very best products from the top insurers within the UK marketplace.
To find out more about the benefits of critical illness cover please call one of our experts today.
