Critical Illness Insurance - Exeter, Torquay, Plymouth, Barnstaple, Tiverton, Taunton and Yeovil area |
![]() |
![]() |
![]() |
What is critical illness insurance?Critical illness insurance provides you with a lump sum of money if you are diagnosed with certain illnesses or disabilities. Why do you need it?
If you, or those who depend on you, would face financial difficulties if you became critically ill (for example if you had cancer, a heart attack or a stroke), you may want to consider taking out critical illness cover. Advances in medical science mean that more people are now surviving serious illness than in previous years. While this is good news, many people are faced with the realisation that they may not be able to return to work, or indeed, wish to. Critical Illness is, in many ways, similar to Life Insurance with the difference being the insured is still alive. What does it coverCritical illness policies usually pay a tax-free lump sum if you suffer from one of the listed critical illnesses and meet the definition set out in the policy. Different policies cover different critical illnesses. Each policy will only cover the conditions set out in the product literature that we or the selected insurance company will give you, and no others. However, all critical illness policies cover cancer, heart attack and stroke.
You may have other income coming in while you’re ill such as state benefits or sick pay from your employer. However, this may not cover all your needs. It’s a good idea to think about how much you would need to live on if you became seriously ill and whether you would need some extra money to boost your income. Professional Mortgage Services can help you to arrange your critical illness cover with access to all the major insurers.
Want to know more? please fill in the form here and we'll be in touch.
|