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Just how important is Life and Critical Illness Cover?
Whilst many of us will take out a life insurance policy (this is usually when we take out a mortgage or have children) many people will neglect to cover themselves against critical illnesses.
With the advancements in medical science, more and more of us are surviving critical illnesses such as heart attack, cancer, organ transplant etc and It is approximately 5 times more likely that you will require critical illness cover than stand alone life insurance.
What if you where to suffer a critical illness which incapacitated you and prevented you from working? Would you still be able to cope with your finances and be able to continue paying the mortgage, loans, car finance, utility bills, grocery shopping etc.
With a Life and Critical Illness Cover policy, you will receive a lump cash sum upon the diagnosis of any critical illness outlined within your policy. This money can be used to settle any large ongoing finances such as your mortgage etc and can also be used to help with any special requirements such as paying for any home / car modifications should they be required.
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