Critical Illness Cover

As well as dealing with the emotional upheaval of a serious illness, how would you cope financially if you/your partner fell seriously ill? Even if returning to work is an option after treatment and rest, you'll need financial support to help you get back on your feet and adapt to life ahead without the financial worry.  A little peace of mind goes a long way when you're dealing with a diagnosis and treatment plan. The road ahead may be uncertain, but putting some financial protection in place will make getting to appointments, recuperating in your own time and dealing with everyday bills easier. And it eases life for your partner too, knowing that your finances are sorted. Critical Illness cover provides a tax free, one-off lump sum payment on diagnosis of one of a number of defined illnesses covered by the policy you choose. We can help you to:
  • Decide on the amount of cover you need. Critical Illness cover can be arranged to cover your mortgage and incorporated into a mortgage life insurance policy. It could also be paid as a lump sum or monthly/annualised benefit to maintain your lifestyle. By understanding your situation and requirements fully we will ensure that the policy meets your individual needs and budget.
  • Term. Whether the Critical illness is taken to cover a mortgage, your lifestyle or incorporated into an income plan, such as Family Income Benefit, it is important that the plan covers the correct period. We will review your situation and ensure that the term is based on your individual circumstances.
  • Total permanent disability (TPD). This provides payment if you are unable to work in your own occupation. For skilled occupations such as dentists or medics, it’s important for you to be physically and mentally capable to preform your duties. Therefore ensuring you have Own Occupation TPD is vital. Not all insurers will provide own occupation specification for certain professions, we will ensure that this is considered and that the policy complements your occupation.
  • Indexation of benefits. This ensures that your benefits are not eroded by inflation and that the benefits paid still have the same spending power. £100 in 1996 is approximately £173 today.
  • Choosing the right provider. All providers have different specifications and cover different illnesses for both full and partial payments. We can help you understand the right provider for you based on what is covered under each policy as well as cost.
  • Guaranteed premiums. This will ensure that your premiums do not increase as you become older. Some providers offer reviewable premiums which appear to be good value when you are younger but will see your premiums increase based on the insurers claims experience.