How could a Critical Illness payout help you?

27th September 2019

 

Critical Illness cover is an insurance policy designed to provide you with financial security if you are diagnosed with a critical illness and are no longer able to work. The payout the policy could provide you with, in the event that you do become critically ill, could be invaluable – especially as a Contractor. Here we outline just how a Critical Illness payout could help you when you most need it:

 

You can make necessary adjustments to your home

If you have an illness or injury which makes it difficult for you to operate in the same way you used to, the Critical Illness payout you receive could help to pay for the adjustments needed to help you adapt. This could include building a ramp for a wheelchair, purchasing an adapted car or installing a stair lift.

 

It can pay the mortgage

If you suffer a serious illness or injury it might be the case that you are no longer able to work and earn. In this instance, a Critical Illness payout will give you peace of mind that you can continue to pay off debts like your mortgage.

 

Keep your savings saved

With a Critical Illness payout, you can keep your savings just as they are.

 

It can pay for specialist treatment

If you don’t have a Private Healthcare plan in place, some of the specialist treatment or medication you need you might not be able to find on the NHS. With a Critical Illness payout, you can rest assured that you’re receiving the best treatment with an ability to afford private care.

 


 

These are just a few of the ways that you could benefit from a Critical Illness payout. When protecting yourself with a Critical Illness policy however it is important to consider how your individual circumstances and needs implicate the size of your policy and its particulars. This is why it’s important to speak to an expert adviser. Book yourself in for a no-obligation conversation today.

 

All content is accurate at the time of publication

Related Articles

Why consider Critical Illness cover as a Contractor?
Why consider Critical Illness cover as a Contractor?

  You can never know what the future has in store, which is why it’s essential to make sure you...


Read More

Financially protect your loved ones with critical illness cover
Financially protect your loved ones with Critical Illness...

  If you were to become seriously ill, or have an accident that prevents you from earning, will you and...


Read More

Critical Illness cover FAQs
Critical Illness cover FAQs

  What is Critical Illness cover? Critical Illness cover (also known as Critical Illness insurance) is a long term policy...


Read More

Get in touch

Speak to an expert

For free personal advice

01202 700053

Email us

advice@broadbench.co.uk