Don’t let a life-changing moment disrupt your home and work life and put a strain on your family’s finances.
What would life be like if you were
diagnosed with a serious illness?
Things could change very suddenly.
You’d get your family together and tell them what
was going on. Before long, you’d start spending
time in hospital for treatment. You may also need
to take some time off.
It’s hard to know what the financial impact
of all this would be for you and the people who
depend on you. A critical illness can affect anyone
at any age and can turn your life upside down. In
the event of being unable to work due to a critical
illness, having a financial cushion in place would
alleviate some of the stress of the situation.
Some people may use their savings to
supplement their loss of income, others may rely
on an employment benefit package, while others
may find that Critical Illness Cover is their best
option. Critical Illness Cover can help minimise
the financial impact on you and your family if you
become critically ill.
For example, if you needed to give up work to
recover, or if you passed away during the length of
the policy, the money could be used to help fund
the mortgage or rent, everyday bills, or even simple
things like the weekly food shop – giving you and/
or your family some peace of mind when you need
it most.
Surviving a serious illness
After surviving a critical illness, you may not be
able to return to work straight away (or ever),
or you may need home modifications or private
therapeutic care. It is sad to contemplate a situation
where you survive from a serious illness but then
endure financial hardship. Preparing for the worst
is not something we want to think about when
feeling fit and healthy, but you never know what
life is going to throw at you next.
Tax-free lump sum
Critical Illness Cover, either on its own or as part
of a life insurance policy, is designed to pay you
a tax-free lump sum on the diagnosis of certain
