Protecting your lifestyle with Critical Illness Cover

Modern medicine means you’re increasingly likely to survive serious illnesses. But it still takes time to recover, and during that time you probably won’t be working and bringing in an income. When you do get back to work you may have to work fewer hours or take a lower-paid job – and in the worst case you may even be unable to return to work at all. In the
meantime the bills will still be coming in.

Critical illness cover pays out a cash sum if you are diagnosed with one of the critical illnesses covered.These will include cancer, heart attack and stroke, but
please bear in mind it doesn’t cover all types of cancer, heart attacks or strokes (Please ask the advisor for the conditions covered) By taking out a critical illness plan you can help to
make sure you’ll have the money to pay for the care you need, for example hospital or nursing costs. Many people choose to take out critical illness insurance to cover their mortgage.  However, you may also want to consider covering other expenses. For example, if you are planning a family, you may need to consider child care or school fees, or simply
the many other costs associated with having children. Don’t leave anything out
Although most critical illness cover is arranged to protect certain fixed costs like mortgage repayment, there is a variety of things you can choose to protect.
Discuss all your needs – current and potential –with your adviser to ensure you have adequate cover in place.
Bear in mind that critical illness insurance normally only pays out a single cash sum. If you would like a monthly income to help cover regular monthly payments, including your mortgage, utility bills, child care or education costs, you should also think about
some form of income protection insurance.