Critical Illness Cover is there to help you and your loved ones, if you suffer a critical Illness. It is an insurance plan that pays out a guaranteed cash sum if you are diagnosed as suffering from a specified critical illness, within the term of the plan. The plan has no cash-in value at any time.
Should you be unfortunate enough to suffer a critical illness, the last thing you will want to be worrying about is money. Advances in medical science mean that the chances of surviving a critical illness are improving all the time. The cash sum you could receive from a critical illness plan could help you through the recovery period.
You may have to reduce your working hours, need to pay for medical care or have to adapt your house to make your day-to-day life easier. A critical illness plan could help all of this and more.
Critical illness cover is payable on the conclusive diagnosis of a pre specified critical illness. Some of the conditions covered in most benefits include (use these as a guide only):
Critical illness cover will pay out a lump sum in much the same way as a life insurance policy. One big difference is that the main beneficiary may well be you in addition to any loved ones.
As with life insurance you can choose decreasing or level term policy.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. SHIRE FINANCIAL SERVICES LIMITED IS AN APPOINTED REPRESENTATIVE OF SESAME LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY. COMMERCIAL MORTGAGES, INCLUDING BUSINESS BUY TO LET, ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY. FOR COMMERCIAL MORTGAGES WE ACT AS INTRODUCERS ONLY.