Critical Illness Cover for You and Your Family.
Critical Illness cover is a very simple concept and covers exactly what it says.
This kind of policy is widely over looked as expensive and an add-on but CFM Financial Planning in Surrey recommends this for all clients!
We can tailor this to your needs and budget requirements and will always recommend a policy that best meets your individual circumstances.
By taking out critical illness insurance you will be protecting yourself and your family against unwanted financial stress should an unexpected illness strike.
This works in the same way as life insurance in the way that it can be set up as two single policies or a joint policy and can be level, increasing or decreasing.
You will receive a tax free lump sum if you are diagnosed with a defined critical illness as stated in your policy.
If you are thinking of purchasing critical illness cover, we would always recommend taking advice as there are a great number of products to choose from and we can help with the best one that suits your needs.
Why not contact us and help us to find the best policy for you and your family?
We can look at the amount of illnesses covered, Cover to include benefits for your children, long term disability benefits and the partial payments within the policy.
CFM Financial Planning always recommends placing policies into trust. There are several benefits to this to assist your family at this traumatic time.
The main benefits are as follows:
- The lump sum will not form part of your estate for inheritance tax purposes on death.
- Avoids the probate process and ensures a speedy payment to your beneficiaries, the people who need it most.
- Allows you to nominate the beneficiaries.
- Trusts are flexible and you always remain in control of them.
CFM Financial Planning can explain the benefits of placing policies into trust.
There are several benefits to trusts that will assist your family at this traumatic time.
The main benefits are as follows:
- The lump sum will not form part of your estate for inheritance tax purposes on death.
- Avoids the probate process and ensures a speedy payment to your beneficiaries, the people who need it most.
- Allows you to nominate the beneficiaries.
Trusts are flexible and you always remain in control.