The affects of having a critical illness can end up affecting you and your families’ lives more than you thought. Financially, you may not be able to support them whilst you are in recovery, so having insurance for if this did happen would make life easier and paying the bills wouldn’t be something you have to worry about.
Illnesses such as cancer, strokes and heart attacks are all critical illnesses where you would receive a sum of money to aid you and your family during your time of illness. This cover is suitable for you if your family are reliant on you for money, and could help them pay the bills, mortgage and childcare when you are not receiving your usual income.
These plans have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse.