Critical Illness and Family Protection Policies
death and critical illness protection policies for you and your family.
DEATH & CRITICAL ILLNESS
One in four adults will suffer a Critical Illness before age 65. What is a Critical Illness?
There are well over 30 defined Critical Illness’s but the main ones which account for 90% of claims are Cancer, Heart Attack, Stroke and multiple Sclerosis.
Please do not get critical illness confused with terminal illness, on a claims basis they are very different.
A Critical illness policy will pay out a Tax Free cash sum on diagnosis of a named illness. The money can be used for any purpose , to repay your mortgage, get specialist medical treatment, help with household running costs as you may not be able to work or need a carer?
Is it expensive?
Married couple both age 30 and non smokers need £100,000 cover over 20 year term to protect their mortgage and family.
COST less than £9.00 per week.
FAMILY INCOME BENEFIT
In the event of death this policy will pay the surviving spouse an income to help them maintain their lifestyle now that the main income earner has died.
Married man age 30 and non smoker decides his family would need £20,000 per year to protect their lifestyle in the event of his death. The initial term decided is 20 years and he dies in the fifth year of the policy. His wife receives £20,000 per year for remaining term of policy i.e. £20,000 for 15 years (total £300,000 Tax Free)
COST less than £2.65 per week.