Critical Illness

While life assurance may be the best option for anyone wanting to make sure their dependants are taken care of in the event of their death, few people think about what would happen if they themselves were suddenly unable to work through critical illness.

In fact, the risk of succumbing to a critical illness before the age of 65 is considerably higher than the risk of mortality. For this reason, taking out critical illness cover is a vital part of any financial protection strategy.

Critical illness cover is particularly suited to anyone without financial dependants, with policies paying out a capital lump sum in the event of the policyholder being diagnosed with any one of a number of specified critical illnesses.

From an insurance point of view, critical illness can cover heart attacks, life-threatening cancer, paralysis, deafness, organ transplant requirements, blindness and kidney failure, among others.

Such policies differ from private health insurance which will only pay for the cost of medical treatment. By contrast, critical illness policies will pay out in the appropriate circumstances regardless of whether the policyholder is receiving treatment privately or under the NHS.

At Milsted Langdon Financial Services, our critical illness cover experts can advise you on the best type of policy for your circumstances.

To find out how we can help you in this respect, please contact our specialist advisers  at our BathBristolTauntonYeovil and London offices.