Nobody wants to think about suffering from a life-changing illness, but getting the right protection in place now can provide peace of mind.
Why Critical Illness cover? Some of the statistics on serious illnesses can be alarming. For a non-smoking couple in their thirties, for example, there is a one in four [1] chance of one partner developing a serious illness before reaching retirement age.
Critical illness cover pays out a lump sum to help you financially in this difficult situation. If diagnosed with a specified illness, the money you receive can help pay off a mortgage or provide financial support during a period of being unable to work.
Peace of mind – now and later In the unthinkable scenario of developing a serious illness, the risk of financial burden will be eased. But it is not only your future self who will thank you for taking out critical illness cover. Policyholders and their loved ones benefit from the vital peace of mind that comes with knowing you’ll be able to meet key financial commitments wherever life takes you.
[1] LV=, 2024
🚨 Data accurate as of the date of publication –13.12.2024
🚨 The above material is for informational purposes only and does not constitute a sales offer or financial advice. Before taking out any insurance, credit agreement or other financial product, you should obtain individual advice on your requirements and the general terms of the contract.
Source: Quilter Financial Planning – Essentially Mortgages Q4 2024
