None of us can predict the future. Although it’s not nice to think about, any one of us could de-velop a critical illness. Serious and long-term health conditions can change the way we live our lives, from caring for ourselves and our families to paying for our living expenses.
Support for life’s twists and turns
A critical illness can radically alter life’s course. Critical illness cover gives you the comforting knowledge that you’ll be protected if you’re unable to work.
What is Critical Illness Cover?
Most people can’t work when they become critically ill. Without support, providing for ourselves and the people we care about would be very difficult. Critical illness cover offers reassurance, that, should things go wrong, paying for your home and other essential living costs won’t be a worry.
Critical illness cover comes in different forms that can be tailored to you. It pays out in a tax-free lump sum upon diagnosis of a life-altering illness. It is suitable for anyone who feels they would
struggle to pay for living costs without being able to work.
That could include:
- People without partners or whose partners’ income would not cover essential expenses
- People without a critical illness cover benefit from their workplace
- People whose workplace sick pay is limited.
What should I keep in mind?
You can decide the level of cover that’s right for you. You might wish to take out a policy that co-vers your mortgage payments or prefer one that could help pay for expenses like home modifica-tions or private healthcare.
Most cover includes common critical illnesses like heart attacks, strokes and some forms of cancer. Many also cover conditions that affect mobility like multiple sclerosis and chronic arthritis.
It’s worth taking time to understand the conditions your critical illness cover includes, and to weigh up the costs and benefits of taking out this form of insurance.
You should also know that critical illness cover is not the same as accident protection insurance or life insurance, although these can sometimes be included as add-ons.
You'll need to consider:
- The kind of critical illnesses cover you prefer
- The level of cover you require and the monthly or annual payments you’d like to make
- Whether you require additional personal protection cover
How can Trulife help?
Trulife simplifies the process for you and supports you with expert advice. We’ll help you under-stand the policy details and which providers meet your requirements. Because we work with specialist insurance providers who we know and trust, we can often source deals and limited offers that you won’t find elsewhere.
We'll offer guidance on:
The ins and outs of critical illness cover
Suitable cover options that match your needs
A choice of products that offer value
What next?
If you’re thinking you might need critical illness cover, talk to Trulife. We’ll quickly connect you with a member of the team and create a plan that helps you keep your chin up if life knocks you down.