If you were diagnosed with a serious illness, how would this affect you and your family?
In our experience, when such a life-changing event occurs, the last thing you want to think about is the financials.
1 in 3 people are diagnosed with cancer BEFORE THE AGE OF 65*.
Due to advances in modern medicine, more and more people are surviving serious illnesses but it tends to affect their capacity to earn at a similar level as prior to the illness.
Critical Illness Cover ensures that if you are diagnosed with a serious illness, then a tax-free lump sum is paid out to provide you with the breathing space to deal with the illness and its consequences to your family.
To speak to a qualified adviser now, please call us on 0116 253 5600 or complete the enquiry form.
A serious (or critical) illness is defined as a life-changing event. The most common examples include cancer, heart attack, stroke and multiple sclerosis. However these days Critical Illness Insurance can cover well above 30 different illnesses and can even cover your children below the age of 21.
Vitally, Critical Illness Protection pays out on diagnosis. It is not dependent on whether you can work or not.
Bankfield has 100% record of claiming on behalf of clients on providing Providers policies and we’ve been covering families for 20 years!
It is usually combined with life insurance and can be written on a level, increasing or decreasing basis, depending on your circumstances. Critical Illness Cover is implemented to pay off your mortgage and debts, and provide an additional amount to replace your income, pay for any treatment and changes required to your home.
Today there is a bewildering choice of plans, all with differing levels of cover and additional benefits.
As Independent Financial Advisers, we will examine your individual circumstances and recommend which type of cover is most suitable for you and your family’s needs, within your budget.
*Source: Cancer Research UK 2013