We are always being quoted this figure or that figure in the media. We’ve recently been given the results of a survey Legal & General carried out last year, telling us, as the headline says “Critical Illness Costs The Economy £15bn A Year*”. But what struck us is the human cost behind this big number. £15bn means a lot of people and their families are off work and dealing with a debilitating illness.
None of us wants to think about being ill, and we certainly don’t want to think about yet another insurance policy. But, the fact is that when an awful diagnosis is given, a Critical Illness policy would pay out a lump sum and from a financial perspective that would be one less thing to worry about. We are quite passionate about the benefits of Critical Illness cover and your Financial Adviser can tell you about the cases we have come across where having this insurance has been invaluable to people and clients that we work with.
If you have already got Critical Illness insurance in place it is advisable to get this reviewed to ensure you are covered for as many critical illness conditions as possible and that the terms are still favourable. Like all insurance products the providers are bringing out new policies all the time and we want you to have the policy most suitable for your specific circumstances.
At Four Oaks Financial Services our Financial Advisers provide financial advice local to Sutton Coldfield and are qualified to give advice on Critical Illness Insurance and other kinds of financial protection. You will find more information here.