The coronavirus (COVID-19) pandemic, has led to concerns and questions about how best to protect our loved ones in times like this.
If you or a loved one has to make a claim on a life insurance policy as a result of the coronavirus pandemic, it would be handled like any other life insurance claim and be paid subject to the usual policy terms and conditions.
If you were diagnosed with critical illness, would you be able to cope financially? It’s easy to think ‘I’d cope, that’ll never happen to me’ but most of us know someone either directly or through friends and family that has been affected.
Critical illness insurance offers you and your loved ones financial support should you unexpectedly fall ill with a specified illness.
Critical illnesses are identified under a specific set of criteria and coronavirus (COVID-19) is not a specified critical illness under the Association of British Insurers (ABI) Guide to Minimum Standards for Critical Illness Cover.
No one likes to think that something bad will happen to them
Being unable to work can quickly turn our world upside down, as we’ve seen for thousands of people during the coronavirus (COVID-19) pandemic crisis. No one likes to think that something bad will happen to them, but if you couldn’t work due to a serious illness, how would you manage financially?
Since the onset of the coronavirus (COVID-19) pandemic more people have become aware of the importance income protection insurance can offer. Offering the financial support needed if you’re unable to work due to an accident or injury.
