I read an interesting article recently about the improvements to certain providers critical illness definitions, and it started me thinking about critical illnesses in general, I mean, if someone is diagnosed with one of the many terrible illnesses listed on all the documents that arrive in my offices each day it must feel absolutely awful, and I cant belittle it in anyway, but if you actually analyse them, there are many of those illnesses that whilst they will probably render you unable to work, at least for a while, and in some cases render you unable to work again, how many of them will actually kill you? the answer is not many! for example loss of sight or hearing, loss of limbs, third degree burns to mention a few.

Someone once said to me that getting a critical illness was actually worse than dying! I cant say I necessarily agree with that statement, but, how long would an employer actually pay your wages for if you were taken ill with a serious critical illness? and if you have a mortgage protection plan that only pays on your death, but you dont die; what will you do when your savings run out? and with a massive proportion of the country having less than 500 GBP in savings the outlook can be quite bleak.

So for the sake of what can often be a small monthly outlay, why burden yourself and your family with that worry?

If you feel that you would like to review this, please contact us on 01482 658989, or email me on shane@kirkellainvestments.co.uk and I will arrange for an adviser to contact you.

Shane Beardsley
Managing Director / Independent Financial Adviser

Tags: critical illness, life cover, protection

This entry was posted on Friday, October 17th, 2008 at 7:55 pm and is filed under Insurance - Critical Illness, Insurance - Protection. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.