Critical illness is a policy which
pays out a lump sum (the insured amount) in the event of a specified illness or injury...
As medical professionals you frequently see the impact critical illness can have on a person’s life, and how ambitions can instantly become distant memories as a result.
A critical illness policy will provide you with a tax-free lump sum to ensure that your financial affairs are fulfilled - not having mortgage repayments or being able to care for loved ones for example.
Many people are under the misapprehension that critical illness policies can be very expensive. This is not necessarily the case, and the earlier in life you start, the more competitive your premium is likely to be.