Critical Illness Insurance as a Safety Net for Your Future
We all hope that we go through life without suffering a life-changing illness or injury, but what if the worst case does happen? In these instances a family can be left struggling to pay bills on time, and a person could be stripped of their ability to work. It is in these cases where critical illness insurance can come to the rescue, helping a person and his or her family recalibrate for the future and build a strong foundation to move forward with.
Critical Illness Cover provides you with a financial safety net should you suffer from a specific illness listed in your particular insurance policy. There will be strict conditions, including the type of illness you are suffering from, and the severity and necessary life changes linked to it, but once released it can help you to claim a tax-free lump sum of money that will help you to:
- Make any necessary adaptations to your home and/or transportation
- Cover the cost of future care
- Cover the cost of any required rehabilitation
- Help you manage your finances at a time when you are unable to work
Types of critical illness that can be covered in an insurance policy include heart attacks and strokes, certain types of cancer diagnosis, permanent disabilities caused by an accident or illness, and debilitation conditions such as Multiple Sclerosis.
If you would like to find out more information about how Critical Illness Insurance could help you plan for the future, contact our team today at Central Mortgages. You can find us by calling 01277 630183 or by emailing email@example.com.