Critical Illness and Income Protection Insurance
Critical Illness Insurance offers a survival benefit that will pay the sum assured when the insured event occurs. Acting like health insurance and income protection, critical illness cover gives you support for a serious illness diagnosis such as a heart attack, stroke, cancer, loss of limbs and similar.
The claimant can use the money awarded to assist in paying for any required specialist medical care, repay outstanding debts and to generally help with their financial security at a time of worry and stress. Some policies will include critical illness insurance for children and others to combine with a life insurance policy so please ask if this is of interest.
Income Protection Insurance, as the name suggests, provides financial security at a time of loss of income, due to long term sickness. These policies typically pay out a monthly income after being unable to work for a period of time (known as the ‘deferred period’) usually up to a maximum of 60% of your earnings, for a set number of years.
Please contact us for insurance advice.
We help clients to arrange mortgages, give independent investment guidance on ISAs
Please contact us to find out how we can help.