Are you prepared for worst-case scenarios? Modern life is busy, and it’s easy to get caught up in work life, home life and social life. But have you ever thought of what might happen if you were to take ill or go through a major operation that leaves you unable to work for an extended period of time?
Critical Illness Cover is an insurance policy that helps to protect you and your family if you are diagnosed with a critical medical condition during the term of your policy. This will pay out a tax-free lump sum that can be used to help cover health-related costs, monthly expenses or to balance out lost income as you recover.
Depending on your circumstances, government unemployment benefits usually come in at around £50-£70 per week. Could you survive on this amount of money each week?
Nobody likes to think of it, but a simple internet search will show the probability of being diagnosed with a critical illness in your lifetime. If you provide for your family, a proactive approach can improve your quality of life and provide you with financial security.