Critical Illness Cover
Making The Best Of A Difficult Situation
The good news is that medical science is continually improving meaning more people are surviving serious illnesses.
However, the impact of a serious illness leaves many of us re-evaluating our lives:
Could you return to work? Would you want to? What impact would this have on your lifestyle? Would you be able to meet all of your monthly commitments such as your mortgage, bills, school fees etc?
Critical illness cover is payable as a lump sum on the diagnosis of a specified illness providing that you survive 28 days after the initial diagnosis.
The core conditions are as follows: Cancer, Coronary artery bypass surgery, heart attack, kidney failure, major organ transplant, multiple sclerosis.
The additional conditions that most insurers cover are: aorta graft surgery, benign brain tumour, blindness, coma, deafness, heart valve replacement or repair, loss of limbs, loss of speech, motor neurone disease, paralysis/paraplegia, Parkinson's disease, terminal illness, third degree burns.
If any of the above did occur it would be comforting to know that you could clear the mortgage, make the necessary amendments to your home or simply have the capital available to pay for life's necessities.
