Critical Illness Insurance provides a lump sum payment on diagnosis of a specified critical illness. This type of insurance is often used to pay off mortgages, loans and other liabilities. It can also be used to fund treatment and care or to simply ease the financial pressures which can result from time off work due to serious illness. Critical illness insurance is more expensive than life insurance but the reason is that you’re more likely to need to claim on it!

• It’s easy to think it’ll never happen to us but according to the Imperial Cancer Research Fund found in 1999, 1 in 3 people in Britain will be diagnosed with cancer at some point in their life yet research by Scottish Provident has recently found that only 13% of Britons have critical illness cover in place.
• It is often perceived as an expensive insurance but it’s better to have a small amount of Critical Illness Cover rather than none at all.
• Critical illnesses are unfortunately more common than you might imagine in fact Legal & General’s average age of claim is just 44 years old.
• Advances in medical research mean that more and more people are surviving critical illnesses. Although this is great news, after recovering from an illness you may be unable to do the job you previously had so you may need funds to retrain for a different occupation.

We believe that correct and relevant insurances are the foundation of your financial planning and security and it’s therefore worth spending the time getting it right. Get in touch today for a free, no obligation protection review.