Critical illness policies are there to provide a lump sum if you are diagnosed with a qualifying illness. They are often used to protect a mortgage debt but can be there just to provide you with some financial support at a time when you need to focus on your health and recovery.
The critical illness market used to be relatively simple in days gone by with policies just covering Cancer, Heart Attack and Stroke. These 'big three' are still where the vast majority of claims are made but the policies themselves have become far more broad reaching in the cover they provide. Some policies will now cover up to 46 different conditions, provide critical illness cover for children, provide access to secondary medical opinions and additional support in times of need. Some policies may also pay at an earlier stage of an illness than others and some pay an amount based on how severe the condition is.
It is therefore important that before you decide on which policy is right for you that you understand in full the options available. We are able to talk you through the complexities to not only understand the options but to also decide which one will provide you with a benefits that best match your concerns.
Plans may not cover all the definitions of a critical illness. The definitions vary between product providers and will be described in the key features and policy document, if you go ahead with the plan.
To download our latest magazine please enter your name and email address below to access our knowledge centre
Email communications are not secure, for this reason LB Financial Solutions Limited cannot guarantee the security of the email, its contents or that it remains virus free once sent.
18 Hoffmanns Way,
Tel: 01245 806 312
Suite E, 2nd Floor
The Octagon, Middleborough
Tel: 01206 867551
7 Hydra Orion Court,
Addison Way Great, Blakenham,
Ipswich IP6 0LW
Tel: 01473 359 720
London E15 4HF
Tel: 0208 221 8282
The material on the site is the copyright material of LB Financial Solutions Ltd You may not copy, reproduce, republish, disassemble, decompile, reverse engineer, download, post, broadcast, transmit, make available to the public, or otherwise use LB Financial Solutions Ltd content in any way except for your own personal, non-commercial use. This includes but is not limited to all individual fund manager data such as rankings of fund managers and ratings of fund managers LB Financial Solutions Ltd does not accept any liability for your reliance upon, or any errors or omissions. Any other use of LB Financial Solutions Ltd content requires the prior written permission of LB Financial Solutions Ltd.
Registered Office: Swift House, 18 Hoffmanns Way, Chelmsford, Essex, CM1 1GU. LB Financial Solutions Ltd is registered in England and Wales. Registered Number 07942025.
The guidance provided within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
LB Financial Solutions Ltd is an Appointed Representative of TenetConnect Ltd which is authorised and regulated by the Financial Conduct Authority. TenetConnect Limited is entered on the Financial Services Register (www.fca.org.uk/register) under reference 149826.
© 2020 LB Financial Solutions. All rights reserved.