Why you might need critical illness insurance

Like life insurance, critical illness insurance enables you to protect your family's finances. If you were diagnosed with, and needed treatment for, a critical illness this could significantly affect your financial situation, sometimes even more severely than if you had died. Having a critical illness has wide reaching effects including:

• Reducing or removing your ability to work
• Increased costs for long term care and treatment
• Your partner or family members having to stop work to care for you

Dealing with a serious illness in the family is stressful enough without having the added stress of losing one or more of your family's incomes, not being able to meet mortgage repayments or pay household bills, or not being able pay for treatments, therapies or holidays to aid recovery.

Recovering from a critical illness doesn't always mean you would be able to return to your previous work either.You may still also require part -time care from a member of your family or have to retrain for a different type of work.

Your ability to generate income may never return to what it was, but you may enjoy another ten or twenty years of good health. Critical illness insurance can provide a lump sum to repay your mortgage and other debts and/or provide a regular income, in the event you wouldn't be able to support yourself.

Having critical illness insurance enables you to have some financial peace of mind at what could be a very difficult time for you and your family. If you decide critical illness insurance is something you want and are able to afford, then it pays to do as much research as possible to ensure you get the best and most appropriate cover for your needs.

Download the Critical Illness Cover Insurance PDF Guide here - see our other free PDF guides here

Guide Contents

What is critical illness insurance?
Why you might need critical illness insurance
What are the different types of critical illness insurance?
Critical illness premium options
Shopping around for your critical illness insurance
Applying for your critical illness insurance
Critical illness insurance FAQs
Where can I go to get more help?

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