Why you shouldn’t ignore critical illness cover
Saving and investing are always at the heart of a financial plan, but critical illness cover could ensure you stay on course to achieve your future goals.
Ignoring critical illness cover is a big mistake because it’s easy to believe that this journey will go smoothly and that you won’t ever get knocked off course.
So what would you do if an emergency did arise, such as an unexpected health crisis?
That’s where critical illness cover comes in, giving you a safety net to ensure your quality of life in the face of unanticipated problems.
Financial security while you recover
A serious critical illness may reduce your income if it prevents you from working. Yet you will still have bills to pay and expenses to cover.
Critical illness cover ensures that your day-to-day outgoings will be met.
Even if you’re without a regular income, you can focus solely on your recovery.
Cover medical expenses
You may need treatments, medications and therapies that aren’t available on the NHS,
This type of cover can provide you with a lump sum payment to cover the cost of any private treatment or rehabilitation you may need.
Ease the burden on your family.
Developing a serious illness and finding yourself unable to work affects more than just you.
The impact on your family can be massive too.
By taking out critical illness cover, you can be certain that your partner, children and other dependents can maintain their quality of life for as long as you’re not bringing in a wage.
Critical illness cover doesn’t come with a one-size-fits-all approach. Instead, you can use the money in a way that best suits you, so you could use it to pay for private medical treatment, adapt your home or pay your mortgage bills.
Peace of mind with critical illness cover
When you take out a cover policy, such as home insurance, you obviously hope you’ll never need to make a claim.
But the fact that it’s there gives you invaluable reassurance that you have protection in place in case an emergency does arise.
It’s exactly the same with critical illness coverage; you can live your life knowing that you and your family will be able to cope financially if you develop a serious health problem.
That’s beyond priceless, providing a life free of worries about whether you can manage if the worst happens, and ensuring you’re still on course to achieve your longer-term financial goals.
If you have any questions about making sure your financial plan is resilient, please don’t hesitate to contact us.