What is Critical Illness Cover?
Critical illness insurance is cover for an event that none of us want to plan for, Newport Financial Advice. This is a long-term insurance policy which covers you for life changing illnesses. If you, or a loved one falls ill, a tax-free lump sum payment can be claimed on diagnosis of a qualifying serious illness.
The lump sum can be used to pay off your mortgage, modify your home or provide you with time off work so that you can recover, Children’ critical illness cover can also be included.
Critical illness insurance is a complex product with exclusions and pay-outs varying greatly from different insurers. Critical illness insurance providers aim to provider cover against all the major illness’ such as cancer, stroke and heart attack.
At Premier Financial Solutions can help explain and guide you to the correct level of critical illness cover to fit within your monthly budget and required benefits.
For friendly and straightforward advice contact Premier Financial Solutions: 02920 099150
As with all insurance policies, conditions and exclusions will apply.