Critical Illness Cover

Quite often you hear "it could never happen to me" or "I'll sort it out later". Well the old maxim of "failing to plan is planning to fail" is no better suited to the ignoring of crucial decisions on protection.

What is it?

A Critical Illness plan is designed to pay out a lump sum on the diagnosis of certain specified illnesses. It is often ‘bolted on’ to a life assurance policy as an additional benefit but can also be a standalone plan.

 

Who is it for?

This type of plan is designed for those individuals or families whom want a lump sum if they are diagnosed with a serious illness. As an example of where this lump sum could be used is to repay a loan, mortgage, or perhaps pay for time off work. The lump sum could even be used to pay for any necessary alterations to your home.

The quality of cover and the illnesses covered can vary significantly between different providers. This is why it is important to get professional advice from one of experienced consultants.

As with all insurance policies, limitations and exclusions will apply.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE.

TYPICALLY WE DO NOT CHARGE A FEE FOR ARRANGING A MORTGAGE, HOWEVER THE ACTUAL FEE WILL DEPEND ON YOUR CIRCUMSTANCES AND WILL NOT EXCEED 1% OF THE MORTGAGE AMOUNT.

PARTNERS: ROBIN TRINDER AND RUSSELL SMITH
TELEPHONE: 0207 286 8044.

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