CRITICAL ILLNESS PROTECTION

Critical Illness Cover

​

If the worst happens and you’re diagnosed with a critrical illness, it’s important to make sure you’re covered against the financial impact it could have on your family. Critical Illness and insurance policies pay out a cash lump sum when you are diagnosed with a particular illness or suffer injury from a serious accident.

​

Policies vary depending on the provider, so it’s important to understand the differences.  For example, the number of illnesses covered, definitions, partial payments and claims-to-payout ratios.

​

In the event of your diagnosis, money paid out from a Critical Illness policy could be used to help maintain your standard of living, pay off your mortgage and, if needed, pay for private healthcare.

​

Children’s Critical Illness Cover

​

Many insurers also offer Children’s Critical Illness cover at no extra cost. This protects children from 30 days to 21 years of age and up to £50,000 tax free, per policy, per child.

​

This money could:

• Enable you or your partner to take some unpaid leave to be with your child

• Pay for private medical care and specialist equipment

• Help to fund a special treat like a family holiday

​

​

At Life Alliance we understand the different types of cover available and can help you decide what is right for you. Call today to arrange a meeting to discuss your family insurance needs to make sure you and your family are financially secure – whatever happens.