Specified Illness Cover
Specified illness cover pays a tax-free lump sum in the event of you being diagnosed with a number of specified serious illnesses. There are over 40 such illnesses covered on a typical policy. There's a direct link between the ease of someone's recovery from a serious illness and the lack of financial pressure they're under during their illness. This is an invaluable cover providing financial security against this contingency.
It can be difficult to assess the potential impact of a serious illness. How long will you be off work? Will you incur additional medical costs not covered by your medical insurance? Will your income be permanently impacted? We can discuss all of these factors with you and help you choose the most appropriate and affordable level of cover. Typically, this will focus on repaying outstanding loans and providing a multiple of annual net earnings.