Critical Illness
(Cover against the diagnosis of a specified list of very serious health conditions)
If you were to suffer a very serious illness it’s highly likely that you would suffer financially.
Statistics paint a worrying picture. 1 in 3 men aged 30 will have a stroke, cancer or heart attack before the age of 65. The same fate will happen to 1 in 5 women of the same age. (Source: ERC Francona 2008). Would your finances survive such an event?
Critical Illness Cover gives you a tax-free cash lump sum to help make things a bit easier if you should suffer from any of a number of specified illnesses, perhaps by paying down the mortgage.
We see this cover as one that protects your lifestyle, while Income Protection offers more fundamental cover against financial catastrophe. If you can’t afford both you should have Income Protection first.
If you can afford both, or some of both, you should include Critical Illness Cover, particularly if you have debts.
For our recomendations click Our advice.
For more detailed policy information on all covers please see the key features section of the site and scroll through. Or call our advisory team on 0800 975 1202.
