Why Consider Critical Illness Cover?
According to Cancer Research UK, one in two people will be diagnosed with cancer at some point in their lifetime. Figures published by the Association of British Insurers show that in 2022, £1.27 billion was paid out in critical illness claims. This type of cover can offer a valuable financial safety net for individuals and their families, providing breathing space during difficult times especially when illness prevents someone from working and adds emotional and financial strain.
The Various Conditions Covered by Critical Illness Policies
When discussing critical illness cover with a WealthMax financial adviser, you'll discover that most policies provide financial protection against a range of major health issues. The number of conditions covered can vary from as little as three up to 60 to 70 illnesses, depending on the insurance company. That said, the majority will typically include the following
Cancer: Specific Types & Stages
Financial support if diagnosed with cancer
Stroke: Resulting in permanent symptoms
Protection if a stroke leaves lasting disabilities
Paralysis
Support if you lose mobility dur to Paralysis
Organ Transplants
Support for expenses related to organ transplants
Loss of a hand or foot
Assistance if you lose a limb
Clinically Diagnosed Heart Attack
Cover provided upon diagnosis of a heart attack
Deafness
Financial protection if you face difficulty with hearing
Blindness
Support if you lose your eyesight.
FAQs
Looking for Critical Illness Cover?
Wealthmax is here to help. Our advisers are experienced in critical illness cover and can tailor protection to meet your needs. Contact us today to secure the right cover and protect yourself and your loved ones during life’s unexpected challenges.