Critical Illness Protection
Planning for the unexpected can bring peace of mind for you and your family, and it’s important to think about what would happen if you were unable to work due to serious illness or injury.
A life and critical illness insurance policy can help to ease the financial burden a serious illness could bring. Instead of worrying about the day-to-day bills, critical illness cover can ensure you’re able to focus on managing your health and spending time with loved ones.
Serious illness or critical illness insurance plans pay out a tax-free lump sum on the diagnosis of a range of serious (but not fatal) conditions. A large range of conditions covered are specified in the insurance policy but include things like heart attack, stroke, cancer, major organ transplants and many others. The conditions covered will vary depending on the insurer.
Serious and critical illness insurance often comes as an optional addition to a life insurance policy but It can also be purchased on its own. If you are diagnosed with a serious or critical illness, some policies will pay out a lump sum while others may a regular monthly amount of your sum assured. A critical illness insurance policy won’t always replace your full, regular income but the money could cover mortgage or rent repayments, private medical treatment or other bills.
The cost of a critical illness policy will depend on a range of factors, including the amount of cover you need, how much you can afford in monthly payments, how long the cover will last and your current health and age. Our expert team of Protection Advisers at Stan Sherlock Associates will help you find the best type of policy and cover to suit your individual needs.
Have you considered income protection insurance? This option can help you manage your day to day living costs if you can’t work due to illness or injury.
Want peace of mind for you and your family?
Why work with us?
At Stan Sherlock Associates, we aim to build long term relationships with our clients and provide you with an advice service over your financial lifetime to ensure you always have the right advice for your situation and changing circumstances.
Although based in Carlisle, our clients come from much further afield. We regularly work with clients from across Cumbria (including Kendal, Keswick, Penrith, Whitehaven and everywhere in between), the Scottish Borders, and North East England. Many of our advice services can be provided by phone and email but our mortgage advisers are always happy to meet you face to face.