Critical Illness Cover

Critical Illness Cover

Being diagnosed with a critical illness would have a major impact on your life and the lives of those around you, which is why Critical Illness Cover should be viewed as a key component of your protection arrangements.

A Critical Illness plan will pay out a lump sum if you are diagnosed with one of the illnesses specified in the plan and survive for a period of time after diagnosis (usually 28 days).

Funds can be used to assist in dealing with physical, emotional and financial traumas following diagnosis.They may cover unexpected bills such as nursing care, home help, travel expenses, and adapting your home to accommodate a disability. You can also use the funds to pay off your mortgage or pay for a holiday to aid your recovery from treatment.

What conditions will my Critical Illness Plan cover?

Plans typically cover core conditions that account for the majority of claims, including cancer, heart attack, kidney failure, multiple sclerosis, major organ transplant and strokes. Permanent Total Disability may also be included.

The comprehensiveness of conditions and level of cover varies between insurers, which is why it’s important to carefully check the full terms and conditions of any critical illness cover before deciding on your policy. Our protection specialists at TR Wealth will assist you in finding the right cover to fit your circumstances. We also offer access to the best deals available on the market to meet your needs in the most cost-effective and comprehensive way.