More often than not being diagnosed with a critical illness is unexpected, but it is also far more common than you might think.
Insurance, and critical illness cover to be more specific is designed to support you and your family in circumstances like these. A lump sum will help take the worry out of paying your bills or covering treatment you may need.
The difference in will critical illness cover is it doesn’t have to be terminal for there to be a payout.
Unlike life insurance which pays out when you die, critical illness is a one off tax-free payment that helps pay for treatment, could cover your mortgage or rent payments to ensure you don’t lose your home or cover the cost of changes which need to be made as a result of the illness.
Critical illness cover will give you peace of mind that you are financially provided for in the instance of a life changing event.
There are a number of things to consider but if the following apply to you, we would advise speaking to one of our advisors.
1. You and your family depend heavily on your income
2. You don’t have enough savings to tide you over if you become seriously ill or are rendered disabled
3. You place of work doesn’t offer an employee benefits package that covers extended time off
Similar to other insurances you work out the cover you need based on a number of factors. In the context of critical illness these can include:
1. Cost of rent or mortgage
2. Cost of your dependents
3. The work benefits you do receive
4. Your income
5. Any other insurances you may have
Complete the simple form below to let one of our advisors know you’d like some help arranging a policy.
Speak to one of our advisors about your personal circumstances and the type of policy for you.
Relax with the peace of mind that your loved ones are provided for if the worst should happen.
Insurance is for peace of mind, it’s for protecting the people we value most from things we might not see coming.
Let’s get started:
The main difference centres around what they cover and how they pay out. Critical Illness covers more serious conditions and pays out in one tax-free lump sum in the instance of injury or illness. Income Protection covers a different array of illnesses including some not covered by critical illness such as a bad back or depression. This type of cover pays you a percentage of your monthly salary as a regular payment while you are injured or unwell to help bridge the gap until you are able to return to work.
Your Protection People is an award winning team of independent Life Insurance advisors based in the heart of Hampshire. We are on hand to provide you with expert advice based on your current situation, to help you find exactly what you’re looking for.
We understand that insurance policies aren’t always simple, which is why we believe everyone should have access to regulated financial advice. Good, honest advice not only makes the process easier for you, but also eases the pressure of having to make complex decisions that can have long-term effects.
We put our customers at the heart of everything we do and endeavour to ensure we provide the best value and experience on the market.
As a business we are proud to have a 5 star Trustpilot rating.
Providing excellent customer service is at the heart of everything we do. The relationships we build with our clients and our customers not only sees them recommend us to their family and friends but are also happy to hear from us when we have news on products or services we think could benefit them.
