Our recent work with Yorkshire Cancer Research has highlighted the reality of serious illness on families and individuals both emotionally and financially. With 1 in 2 people to be diagnosed with cancer in their lifetime, it is a real risk alongside accidents and other illnesses which may affect your ability to provide an income.
There are various types of insurance cover. Critical Illness pays out a lump sum if you experience a serious illness listed in your policy such as cancer, but are likely to recover from this illness.
Terminal Illness Insurance usually pays a lump sum if you are not expected to live beyond 12 months following your diagnosis.
If you are diagnosed with an illness or suffer an injury, the road to recovery can be challenging. Unfortunately, mortgage or rental payments are still required, alongside other living costs which can add great strain on an already upsetting situation.
A lump-sum payment from a serious illness policy can help cover the costs of loss of income or adjustments required to your property. In many cases, care is also needed, which can have an impact on your partners' ability to work or expense needed if external support is required.
Critical & Terminal Illness Cover is often combined with a life insurance policy that can be tailored to your requirements.
Providing security for your family if the worst happens is the primary incentive for couples and individuals to take out cover. This may pay half of the mortgage, or pay off the mortgage in full. The insurance amount could be set to provide for any dependents until they are at a certain age.
With many options all with pros and cons, it can be beneficial to speak to a broker to find the right insurance for your needs.
Most policies list certain illnesses or ailments that are covered with a payout that reflects the severity of the diagnosis. As a rule, the wider the spectrum of cover, the higher the monthly cost.
Your age, health, family history and lifestyle can all have an impact on the monthly payments you would need to make. At trufe. we go through the detail to establish the most appropriate insurance for your circumstances.
At trufe. we get to know our customers. Understanding your personal situation enables us to search for protection that delivers on your goals.
Providing honest and professional recommendations, we avoid the high street, one size fits all mentality and source insurance that will provide the 'peace of mind' you need whilst you are well alongside the support you choose if that changes.
Contact our team to discuss how we can help get you and your family covered.
