What is life and critical illness cover?
Nobody likes to talk about serious illnesses or death, but when planning for the future it’s something we need to consider. It can greatly reduce the financial pain for our loved ones if we have planned ahead. These policies provide a lump sum should you pass away or be diagnosed with a critical illness such as heart attack, cancer or stroke. We also recommend a policy that pays out a lump sum if you are unable to work permanently due to an accident or illness.
Why do you need it?
Your income protection policy will be set up to cover your monthly expenses and outgoings. These policies will normally cease at retirement age, so if you have a complimentary critical illness policy, the proceeds could be invested to provide a retirement fund if you have had to end your career prematurely. Other considerations would be to pay off debts such as a mortgage, and to ensure your family are able to maintain their standard of living should you pass away or be unable to work due to accident or illness.
How does it work?
THINQVISER will advise you on the most suitable product for your goals and needs. We will review the options available from the whole of the market and ensure it is tailored to your occupation and situation. So, if you’re in the dentistry or medical profession, you know you will be covered.