13.07.2021

Critical Illness Insurance - What is it and Who needs it?

Critical Illness Insurance - What is it and Who…

twitter icon

Critical illness cover supports you financially if you’re diagnosed with one of the conditions included in the policy.

The tax-free, one-off payment helps pay for your treatment, mortgage, rent or changes to your home, such as wheelchair access, should you need it

When do you need it?

  • If you’re unable to work due to a serious illness, you might assume that your employer will continue to give you some level of income, or that you’ll be able to rely on benefit payments.
  • In reality, however, employees are usually moved onto Statutory Sick Pay within six months. State benefits might not be enough to replace your income if you’re no longer able to work.
  • If you qualify, Employment and Support Allowance ranges from £74.70 a week to a maximum of £113.55 a week (2021/22 figures).

Consider getting critical illness cover if:

  • You and your family depend heavily on your income
  • You don’t have enough savings to tide you over if you become seriously ill or disabled
  • You don’t have an employee benefits package to cover a longer time off work due to sickness.
  • Protection
  • Critical Illness Insurance
  • Family and Children
  • Critical illness cover
  • criticial illness

I am an Independent Financial and Mortgage Adviser and have worked in Financial Services for over 12 years. During my career I gained experience in assisting both individual and corporate clients.…

Follow us for more articles and posts direct from professionals on      
  Report
Training and Development

Upskill Your Team with our Bespoke Commercial Training...

At Get Set UK, we are passionate out Upskilling existing staff and allowing them to develop and progress their careers.…
Financial Services

Equals Money - Fast and Cost-Effective Currency Exchange...

A Partnership That Works for You and Your Clients At Equals Money, we've built our reputation on helping businesses…
Health & Medical

Your Employees Brain Health Is Important

As an inspirational speaker and brain health advocate, I, Darren Jewell, have first-hand experience in the power of…

More Articles

Creative & Design

MUSIC VIDEO SHOOT

Here is are stills from our recent project. 
Health & Medical

🌟 Inspiring Your Workforce Through Mental Health...

Are you doing enough to inspire your workforce? Do you actively create spaces to talk about mental health in your…
Health & Medical

Boost Your Business with a Corporate Video – Now at a...

In today’s competitive market, a well-crafted corporate video can be the key to standing out. Whether you’re looking to…

Would you like to promote an article ?

Post articles and opinions on London Professionals to attract new clients and referrals. Feature in newsletters.
Join for free today and upload your articles for new contacts to read and enquire further.