![]() Critical illness tends to be a less expensive way to protect your income against illness and disability but it does have some drawbacks and limitations. There are other types of illness insurance you can take out such as income protection insurance. It’s a good idea to think about how much you would need to live on if you became seriously ill and whether you would need some extra money to boost your income. However, this may not cover all your needs. You may have other income coming in while you’re ill such as state benefits or sick pay from your employer. You can use the money in any way you like, you don’t have to spend it on anything in particular. If being ill has left you out of pocket, it can be really handy to have a large sum of money to spend on things like everyday expenses, paying off your mortgage or your medical expenses. ![]() The kinds of illnesses that are covered are usually long-term and very serious conditions such as a heart attack or stroke, loss of arms or legs, or diseases like cancer, multiple sclerosis or Parkinson’s disease. ![]() Critical illness insurance provides you with a lump sum of money if you are diagnosed with certain illnesses or disabilities.
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