If life were to change overnight due to a critical illness, and you had to stop working to focus on your health, have you thought about what financial support you have in place?
Could it happen to you?
More people are surviving critical illnesses
Advances in medical science, improved hospital care and the fact people are generally leading healthier lifestyles means that the number of people surviving critical illnesses has increased significantly over recent years.
This also means that more and more people may need some form of financial support to help them during their treatment, recovery and in some cases, to help them live with their illness.
How can critical illness cover help?
Legal & General Critical Illness Cover plans pay out if you are diagnosed with one of the defined conditions or if you die and are eligible to claim, during the length of the plan.
Reasons to take out critical illness cover
It helps to ask yourself a few tough but important questions:
- What financial support do you have in place if you had to stop work due to a critical illness? Now consider what would happen if you couldn’t return to work?
- How would you cope if a partner or someone you depended on financially were diagnosed with a critical illness? How would they cope financially if it happened to you?
- Could your family continue with the lifestyle they’re accustomed to without you? Who would pay the household bills and daily living expenses?
Andrews can help
Andrews is an Appointed Representative of Legal & General. Our Independent Mortgage Advisors can help you to review your existing insurance arrangements to make sure you have sufficient protection and cover, should the worst happen.
We don’t charge for our advice. Instead, we simply charge a fee for processing your mortgage application. Our typical fee is £450, however the actual fee will depend on your circumstances.
Your home may be repossessed if you do not keep up repayments on your mortgage.
We source from the whole of the market, with the exception of bridging loans.
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- Townsend N, Wickramasinghe K, Bhatnagar P, Smolina K, Nichols M, Leal J, Luengo-Fernandez R, Rayner M (2012). Coronary heart disease statistics 2012 edition. British Heart Foundation: London. P72