Life And Critical Illness Cover
It's when you need to make a claim that you realise just how wise investing in a critical illness policy can be.
Considering just how many lives are affected by critical illnesses such as heart disease, cancer and stroke, it is surprising that more people do not take out critical illness insurance.
The principle is straightforward; in the event of one or more of the specified illnesses being diagnosed, the insurance company will pay out a lump sum after a specified survival period. Often, critical illness cover is combined with other types of insurance and may even provide an investment element so that, for example, a given sum will be paid out on the death of the insured.
How we can help
Critical Illness cover is suitable for anyone who would experience financial difficulties if they were to be diagnosed with a critical illness, or become permanently and totally disabled. Even without dependents it is important to consider whether or not it is possible to get by without an income to fall back on.
The state will provide benefits up to a point, however after 28 weeks of being too ill to work you would have to take and pass a test to check your ability to do any type of work. This could mean that even though you were unable to work in your previous role you may be able to take alternative work. If you fail such a test your benefits may stop.
Zuplex financial advisers are able to help guide you through the best critical illness cover options available to you and can discuss further the benefits and differences between life insurance and critical illness cover. We are able to compare insurers from the UK market place on your behalf.