healthcare

critical illness

In the old days if you were taken ill then recovered and went back to work, or you died then your family received your life assurance. Modern medicine has increased the survival rate for some illnesses, although they may require a long recovery period so that many people can find themselves with conditions for which, not to put too fine a point on it, a cash injection is a great aid to recovery.

To be told by your doctor that "you have had a heart attack and that the stress of your work is partly to blame, so stop working or die" is not, if you have a mortgage to pay and a family to keep, advice that is easy to take.

But if you have a Critical Illness policy you could receive a lump sum payment, providing that you meet the conditions of the policy. The lump sum could be used for a number of purposes, such as assisting with Mortgage payments and the cost of medical care.