The Importance of Critical Illness Insurance

Sometimes, life can take an unexpected turn for the worse. Illness can strip us of our livelihood and our ability to meet payments for our home and to look after our family. Critical illness insurance is a great way to safeguard your future and that of your family, by putting in place a plan that ensures if the worst happens, you wonbt be left short financially.

Critical illness cover allows you to cover yourself financially should you end up suffering from a certain type of medical condition listed within your insurance policy. There will be certain conditions listed, in terms of the type of illness and the severity of it, but you will be able to claim a tax-free lump sum upon confirmed diagnosis of a critical illness. Critical illnesses can include:

1. Strokes

2. Heart Attacks

3. Certain Types of Cancer

4. Certain Stages of Cancer

5. Multiple Sclerosis and other Debilitating Conditions

6. Permanent Disability caused by injury or illness

A lump sum payment will be made to the beneficiary to ensure that their mortgage can still be paid, or that their family has enough money to support themselves now that you canbt provide for them financially.

To find out more about critical illness cover and how Central Mortgages can help keep you financially afloat in the worst personal circumstances, give one of our expert financial advisors a call today and theybll be happy to help talk through your specific requirements.