If you were suddenly stricken by an illness or physical disability, recovery will be the least of your worries. If the condition is severe enough, you will probably have reduced income or completely lose your job. This will be a struggle, because aside from paying for your hospital bills and medications, you will have to keep on paying for your living expenses and other obligations.
Advancements in medicine and technology have brought longevity and have increased quality of life. Diseases are now being treated more successfully and chances of survival have improved greatly. Despite of it all, we advise you not to take any chances on your health. Sickness can affect anyone, including you, and it’s better to be ready now than be sorry in the future. Critical Illness Insurance can provide you the security that you need.
What is Critical Illness Insurance?
With life’s uncertainties, many types of insurance have been designed to offer protection against the misfortunes that could strike every individual. Critical illness is one that aims to tackle financial difficulties brought about by a serious illness that renders one incapable of work and earning substantial income to support basic living expenses.
Critical illness is an insurance policy that is designed to pay out a “lump sum” payment if you have been diagnosed with one of the serious and usually lifelong illnesses specified in your policy. Critical insurance can help you claim money which you may use for various purposes, such as mortgage/rent payments, medical expenses, debts, transportation costs, and daily expenses.
You can obtain critical illness insurance as a standalone purchase or in combination with your life insurance or family income benefit policy. Whether you already have life insurance and other insurances or are planning to get one, we can help you find the right type of critical illness package by filling in our FREE contact form.
Who Needs Critical Illness Cover?
No one is exempted from getting sick or disabled, and so critical illness insurance is something that people from all walks of life can benefit from. Particularly if you do not have enough savings to cover for your needs in case you get seriously ill, or if you do not have adequate benefits package sponsored by your employer.
Regardless if you have the above, however, you may still want to get critical illness insurance for added protection. If you just want to ease your worries about what the future may bring, and ensure that you and your family will not struggle whatever happens to you, you might want to consider getting critical illness insurance.
How it Works?
Critical illness insurance pays out if you suffer from an illness or condition that is specified in your policy. You will be able to claim a lump sum payment which you can use so support your living expenses, pay off debts, mortgage, fix your home and pay for an alternate transportation cost if you became disabled, pay for your treatment, and even pay for vacation or any recreational needs while you are recuperating.
Typically, you will be covered for serious and usually long-term diseases such as stroke, Multiple Sclerosis, Parkinson’s Disease, and certain types of cancer. You have to note that not all illnesses are covered, and you will not be able to make a claim for diseases that you already have.
Different providers also have different terms, and not all can offer the type of cover that you need. In this case, you need someone who can help you decide the most appropriate policy for your specific situation. Critical Illness Advisor is here to assist you in this complicated task. Just provide us your details or give us a call and we will get back to you shortly.
Benefits of Critical Illness Insurance
More affordable premiums. Because it has very specific and more limited coverage, critical illness may be cheaper than other kinds of insurances. Especially if you took out a policy while you are young and healthy, you have great chances of finding the most affordable deals.
Use the money any way you want. With critical illness coverage, you have the freedom to use the money in any way you see fit, from home alterations, treatment and recuperation costs, utilities, transportation expenses, even a well-deserved holiday.
Get a lump sum payment. Because you will get tax-free, lump sum money, you can pay for more costly expenses which you can’t afford if you were getting regular income. You may pay off your mortgage and your debts in full, so you can take these burdens off your shoulders and all you have to worry about are your basic necessities.
You can choose the amount of cover you want. With critical illness insurance, you will get paid a specified amount of lump sum payment. Unlike income protection, this kind of insurance is not linked to your income, so you don’t have a limit to what amount of cover you want. If you change jobs, you don’t even have to modify your policy.
Keep your savings untouched. Even if you have adequate savings for the rainy day, having a critical illness policy can help ensure that those savings will remain intact. Instead of dipping into your emergency fund and personal accounts, you have another backup fund to support yourself if you became ill.
Who we are?
The procedure in getting critical illness or any other types of insurance can become complicated, if you do not know the right place to look for. Critical Illness Advisor is dedicated in providing impartial advice to our clients in order to sort through the huge market of insurance companies.
We only work with UK’s leading critical illness providers so you can rest assured that we will only match you with a reputable company. All it takes is 60 seconds of your time to fill in our form and provide us your contact details. Our matching service is FREE to use and you will have no obligation whatsoever with us. Your information will be kept safe and confidential and we will not share them with third parties.
Let us Help You Find the Right Critical Illness Insurance Policy Today!
Getting critical illness, or any other insurance for that matter shouldn’t be that hard. Let us help you find the most suitable policy by simply filling in our FREE insurance form and we will get in touch with you immediately.