Cancer, stroke, coronary heart disease, heart attack, kidney failure, major organ transplant, permanent total disability, Multiple Sclerosis… the list goes on and on.

With many of these so-called ‘dread diseases’, treatment is available and often recovery is a possibility.

But it could be a long process, taking many months, perhaps longer.

During this time you may not be able to work, thus affecting your income. Obviously your life insurance will not pay out until you die, but many people contract a serious illness and survive for many years.

Critical Illness cover is designed to pay out a tax free lump sum in the event of diagnosis of an illness. This means that unlike traditional life insurance which pays out on death, Critical Illness Cover pays out immediately on diagnosis, even if you make a full recovery.

This payment could ease the financial burdens that can come with a critical illness, especially if you are unable to work.