Critical Illness Cover
if the unimaginable happens and you’re diagnosed with a serious illness, it’s vital to ensure you and your family are protected against the significant financial impact it could have.
Critical Illness and Serious Illness insurance policies are designed to pay out a crucial cash lump sum when you receive a diagnosis for a specific illness, or suffer a serious injury. This lump sum provides a financial lifeline during a profoundly challenging time.
Policies vary significantly between providers, which is why understanding the nuances is so important. Through our robust partnership with the Stonebridge Network, Guardian Financial gains invaluable access to a wide panel of insurers and leverages extensive market insights. This allows us to guide you through the differences, explaining key factors such as:
- The number and specific definitions of illnesses covered
- Partial payment options for less severe conditions
- Claim to payout ratios – giving you confidence in the policy's reliability.
In the event of your diagnosis, the money paid out from a Critical Illness policy offers invaluable flexibility. It could be used to:
- Help maintain your family's standard of living
- Pay off or reduce your mortgage
- Cover essential household bills and ongoing expenses
- Fund private medical care or specialist treatments, if needed
- Allow you to take time off work for recovery without financial strain
Children’s Critical Illness Cover: Extra Protection for Your Little Ones
Many of our comprehensive Critical Illness policies also include Children’s Critical Illness Cover at no extra cost. This extends a layer of vital protection to children from 30 days up to 18 years of age (or older if in full-time education), often paying out up to £25,000 tax-free per policy, per child.
This invaluable financial support could enable you to:
- Take necessary unpaid leave to be with your child during their recovery
- Pay for private medical care, therapy, or specialist equipment
- Help fund a special treat, like a much-needed family holiday, to aid recovery and lift spirits.
At Guardian Financial, we understand the complexities of Critical Illness Cover. Our expert team will help you navigate the different types of cover available and precisely what is right for you and your family. We are committed to ensuring you have the robust financial security you need, whatever life brings.
Call Guardian Financial today to arrange a meeting to discuss your family’s insurance needs and ensure you are financially secure – whatever happens.