Do you have enough financial protection if you were to become ill? What would happen to your home and family if you were critically ill or injured? Would you be able to pay your mortgage, rent, debts and any other liabilities that you may have? Critical Illness Cover is a long-term insurance policy that can pay out a tax-free payment should you suffer from one of the illnesses detailed in your policy. Critical Illness Protection Planning from Elliot Fletcher Ltd can help guide you through the options and help to ensure a safer future should things not go quite as expected for you or your loved ones.
What is Critical Illness Cover
Dependent upon the policy, Critical Illness Insurance will pay out if you contract one of the specific medical conditions or injuries detailed in the policy. These may include:
- Heart Attack
- Certain Cancers
- Injuries that create permanent disabilities
Pre-existing conditions will rarely be covered, and this is not a Life insurance policy so will not pay out when you die. The Team at Elliot Fletcher will be able to guide you through different options that are available to you.
Do I Need Critical Illness Cover?
Ask yourself the question, “If I became ill and couldn’t work, would I have enough income to support me?”. If you are unsure of the answer or you definitely would not have the finances available, then you [probably should consider a level of cover.
If you have enough finances and income in place, then perhaps Critical Illness Cover may not be an option, but it would be worth seeking good financial advice on the matter.
How Much Does It Cost?
As with any insurance plan, there are a lot of deciding factors relating to premiums, such as:
- The Value of Cover Required
- Are You a Smoker?
- Your Current and Past Health
- And Other Factors
Critical Illness Cover is one of a serious of insurances that you can take out to protect you and your family in the future. Protecting against the unexpected can bring comfort to people when they are faced with life-changing circumstances, allowing them to continue their lives without the worry of losing their income stream should they be unable to work for any reason.
Elliot Fletcher Limited
Elliot Fletcher Limited are a Liverpool based team of Independent Financial Advisors who are dedicated to building, preserving and increasing their client’s wealth. They provide impartial, unbiased advice on the wide range of investment options available to you and they will give you the confidence to make the right decisions about your money. Have a look at their testimonials and contact them with full confidence.
If you would like to talk to a member of the team about Critical Illness Cover or any other Financial Protection, then make contact today to arrange a no-obligation consultation:
Telephone – 0151 709 2299
Elliot Fletcher Limited is Authorised & Regulated by the Financial Conduct Authority