Protection for you and your loved ones
Critical Illness Cover
Many life insurance companies offer these policies but each will vary in the illnesses they cover and the price they charge.
We’re both delighted with the advice and customer care we’ve received from David and the team. He has a great way of making the complex simple helping you make informed decisions and feel comfortable about your choices.
What is Critical Illness Cover?
Critical illness cover will pay out a lump sum if you are diagnosed with a serious illness or suffer a serious injury. This will offer much needed financial support at a time you need it most. It will cover you for anything specified in the policy which can range in severity, but will usually mean you are unable to work or carry out your daily life as before. Money can be used to cover loss of earnings, pay for medical treatment or cover household bills. This gives peace of mind that your needs and your loved ones will be taken care of.
What to consider when buying critical illness cover
Critical illness cover is useful if you do not have savings or other benefits to rely on should you have a loss of earnings due to a serious illness or injury. When taking out a policy and deciding your level of cover, it is important to consider your financial commitments such as.
Mortgage or rental payments.
Household bills such as gas, electricity, food etc.
Any outstanding debt payments.
Any childcare costs or family commitments.
Medical expenses.
How can Acumen help?
Acumen has specialist advisers who can produce an individual report assessing the best policy for your particular circumstances. The report will highlight what conditions are and aren’t covered and will produce a ‘scorecard’ to help decide which company is the most competitive. The report is free of charge, then we can then advise on:
The most suitable insurance company
The most cost-effective illness insurance policy
The right amount of critical illness cover
We can also advise on putting a policy into trust, which can offer a number of other benefits such as making sure the money goes to exactly those you intend it to.