The providers of critical illness insurance will have a list of illnesses that they will cover in the polices that they offer. In the event of the insured suffering from one of these illnesses the policy will pay out a tax-free lump sum.

This tax-free payout can allow the product holders to carry on providing for their families meaning that they can have a less stressful life whilst they recover. This money can be used for whatever purpose the policy holder requires. It can be used to secure the family home, pay for treatment for the illness, make much needed changes to the family home if this would help the insured, and to generally put money worries aside.

There are a number of different plans and different companies cover different illnesses. You also have a choice in the amount of cover you require and how long you would like the cover for. It is therefore important to discuss your needs in advance and to seek advice to make sure that you get the best policy to suit your needs.

TISCO are well placed to be able to help and give advice in this area of financial planning and would be happy to help. We offer a free no obligation consultation to assess your needs for protection. Please feel free to contact our offices on 01727 734040 or alternatively fill in the contact form and one of our advisers will get back to you as soon as possible at your convenience.