Critical illness cover like life insurance can be taken out for a few reasons. Critical illness cover pays out a lump sum in the event of you or your children being diagnosed with a serious/critical illness, the common perception is that it only pays out if what you are diagnosed with may result in death. However, this is not true, critical illness insurance can cover a multitude of areas, from major surgery to caring for loved ones, as well as offering professional medical advice and council support.
Critical illness cover can be taken to cover a debt or to pay out a lump sum to support you and your family in the event of becoming critically ill or to an individual should you not be here to do so.
Cancer, Heart attack, Stroke, Multiple sclerosis and Brain Tumours are to name but a few of the critical illnesses you may be insured against. In a world where medicine is becoming more advance and people are living longer, critical illness sadly plays a part in many people’s lives.
This cover aims to allow the person to pay debts off or/and leave money in the bank to allow them to live comfortably whilst they concentrate on fighting their illness.