Critical Illness Cover in Bedfordshire, Buckinghamshire & Hertfordshire: Equity Release Products Insight
Critical Illness
Critical illness insurance is a type of insurance that pays out a tax-free lump sum if you’re diagnosed with a serious illness or condition. This can help you to cover the costs of your treatment and recovery, such as medical bills, lost income, and childcare costs.
Here are some of the most common critical illnesses covered by insurance:
- Cancer
- Heart attack
- Stroke
- Kidney failure
- Multiple sclerosis
- Motor neurone disease
- Blindness
- Paralysis
- Major organ transplant
There are a few things to keep in mind when considering critical illness insurance:
- The cost of the policy will depend on your age, health, and the level of cover you choose.
- You will need to pay regular premiums for the policy. If you stop paying the premiums, the policy will lapse and you will no longer be covered.
- The policy will only pay out if you are diagnosed with one of the illnesses listed in the policy.
Critical illness insurance can be a valuable financial tool to help you cope with the financial impact of a serious illness. If you are concerned about the cost of your treatment and recovery, it is a good idea to speak to a financial advisor to find out if critical illness insurance is right for you.
Here are some of the reasons why you might consider critical illness insurance:
Here are some of the reasons why you might consider critical illness insurance:
- To protect your income and your family's financial security if you are unable to work due to a serious illness.
- To cover the cost of your treatment and rehabilitation.
- To pay for childcare costs if you are unable to care for your children yourself.
- To make home modifications to accommodate your disability.
- To provide a lump sum to help you rebuild your life after a serious illness.
If you are considering critical illness insurance, it is important to shop around and compare different policies. You should also make sure that you understand the terms and conditions of the policy before you buy it.