Serious Illness Plans
It is a sad fact that many of us will know someone who has suffered from a serious illness. Despite medical advances, serious illness is still all too common. serious illness conditions include such things as cancer, heart attacks, strokes, multiple sclerosis, leukaemia, and total permanent disability.
Being diagnosed with a serious illness doesn’t only spell emotional and physical turmoil. It can also mean financial disaster. If you are unable to work due to a serious illness, or if you have to give up work to look after a child with a serious medical condition, you could quickly find yourself struggling to meet your financial commitments such as the mortgage and other regular bills. And all this at a time when you may be having to find additional money to pay for medical treatment or the costs of ongoing medical care.
With little support available from the State for Disability Living Allowance you could soon find yourself in serious financial trouble.
Fortunately, there are steps you can take to help protect yourself from the financial implications of suffering from a serious illness. Whilst the doctors get on with their job of looking after your health, serious illness insurance can help you avoid worrying about money and leave you free to concentrate on getting better.
Serious illness insurance provides you with a substantial tax-free cash lump sum if you are diagnosed with a serious illness. Different policies cover different ranges of medical conditions, but the one thing they all have in common is that they will pay you your chosen level of benefit as a tax-free lump sum in the event of your being diagnosed with one of the insured conditions.