Critical Illness Cover – Protect Your Financial Future

Critical illness cover pays a tax-free lump sum if you're diagnosed with a critical / serious illness or injury during policy’s term. This can then be used to minimise the financial burden, which suffering a serious illness can bring.

For more information you can visit our pages Critical Illness Explained and Understanding The True Cost of Critical Illness Cover, An Essential Guide.

The amount of cover required depends on a number of factors. However, generally speaking it is important to start by covering your mortgage or, at the very least, a proportion of it.

For more information you can visit our pages Critical Illness Explained and Understanding The True Cost of Critical Illness Cover, An Essential Guide.

If you want to know what is covered by critical illness insurance, typically it is illnesses such as severe head injuries, strokes, heart attacks and certain types of cancer.

However, policies can differ between providers and terms actually offered to you can be influenced by your existing health conditions. Always check the small print for any exclusions, so that you know the critical illnesses covered.

Providers are constantly updating their critical illness cover plans so you should conduct regular reviews with your advisor to ensure you still have the right plan for you. At Beechwood we are proud subscribers of CI Expert, a tool that helps compare the quality of cover from one provider to the next. From this we can provide you with in depth comparisons, helping you choose the right policy for your needs and budget.

For more information you can visit our pages Critical Illness Explained and Understanding The True Cost of Critical Illness Cover, An Essential Guide.

If you don’t have enough savings to cover your outgoings if you became too sick to go to work for long periods of time, critical illness cover is worth investigating. Unlike life insurance, critical illness cover is there to protect you if you suffer a serious illness or injury.

For more information you can visit our pages Critical Illness Explained and Understanding The True Cost of Critical Illness Cover, An Essential Guide.

The cost of cover varies depending on the level of cover you require, your age and your medical history. It can also be affected if you take out a stand-alone policy or alongside life insurance.

Quality of cover is another major consideration, with most providers offering you better cover if you spend a little more. On that note, providers are constantly updating their critical illness cover plans so you should conduct regular reviews with your advisor to ensure you still have the right plan for you. At Beechwood we are proud subscribers of CI Expert, a tool that helps compare the quality of cover from one provider to the next. From this we can provide you with in depth comparisons, helping you choose the right policy for your needs and budget.

For more information you can visit our pages Critical Illness Explained and Understanding The True Cost of Critical Illness Cover, An Essential Guide.