CRITICAL ILLNESS COVER

Beware premiums are rising – and scope of cover is reducing.

Critical illness cover tends to be the protection that many overlook putting in place. Yet is vital cover for those with large mortgages and families to protect. Its purpose is to pay out a lump sum benefit or an annual income tax free upon diagnosis of a major illness. It is not a replacement for life assurance or long-term sickness insurance, but an important supplement to these other types of cover.

Research we have conducted shows the average age of claimants to be just 39 under the critical illness (CI) policies we looked at. Critical illnesses like cancer, stroke and heart disease certainly do not only afflict those in later life.

Premiums for CI cover have been increasing rather than reducing, and insurers are also reducing the range of critical illnesses covered at the same time in line with medical advances. Fewer and fewer are offering guaranteed premium cover. Even less are offering own occupation cover.

So if you do not have critical illness cover, do ask us to help you now. Then we can ensure you obtain the best possible terms. Putting off arranging such cover for a year or two will almost certainly mean more expensive premiums will then apply, even if you are able to gain normal entry terms.

Call us or visit our Enquiry Form.

In consulting us you have the comfort of dealing with a company that specialises in helping clients gain this protection – ask for help now to make sure you beat rising premiums and gain the widest scope of protection.