Critical Illness Cover

Quite often you hear ‘it could never happen to me’ or ‘I’ll sort it out later’. Well the old maxim of “failing to plan is planning to fail” is no better suited to the ignoring of crucial decisions on protection.

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    What is it?

    A Critical Illness plan is designed to pay out a lump sum on the diagnosis of certain specified illnesses. It is often ‘bolted on’ to a life assurance policy as an additional benefit but can also be a standalone plan.

     

    Who is it for?

    This type of plan is designed for those individuals or families whom want a lump sum if they are diagnosed with a serious illness. As an example of where this lump sum could be used is to repay a loan, mortgage, or perhaps pay for time off work. The lump sum could even be used to pay for any necessary alterations to your home.

    The quality of cover and the illnesses covered can vary significantly between different providers. As Financial Advisors we can help you find the plan that best meets your requirements.

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    G&E (Network) Ltd. registered in England & Wales No. 3133675. Registered office address: 22 Moulsham Chase, Chelmsford, CM2 0TB

    Elite Financial Services is a trading style of G&E (Network) Ltd who are an appointed representative of Quilter Financial Planning Limited, which is authorised and regulated by the Financial Conduct Authority. Quilter Financial Planning Limited are entered on the FCA register (http://www.fca.org.uk/register/) under reference 440718.

     

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