Why critical illness insurance is so important?
Life is full of unexpected moments. Critical illness insurance is a long-term insurance policy which covers serious illnesses listed within a policy. If you get one of these illnesses, a critical illness policy will pay out a tax-free, one-off payment. This can help pay for your mortgage, rent, debts, or alterations to your home.
A critical illness policy can take a lot of financial worrying off your mind while you recover. It can help you manage your financial burdens when unexpected challenges happen in an instant and focus on what is important.
Sometimes, even the biggest emergency fund isn’t enough for an individual or their family to survive financially. Serious illness, injuries or even tragically death can disrupt everything you know. At times, your emergency contingency fund may not be able to handle it all.
If you do have a life insurance policy that includes critical illness cover, we urge you to check your policy schedule and the documents provided. Reviewing these documents will tell you which types of critical illnesses are covered.
Most people don’t know such details as they haven’t been explained from the start when their policies had been taken out. Having good insurance cover to give you peace of mind is very important. Unfortunately, some people have inadequate critical illness cover, and they don’t even know about it.
As your financial advisers, part of what we offer our clients is a rounded, tailored protection plan designed to help you preserve your hard-earned wealth through some of the most difficult times. Get in touch with us and learn more about our critical illness insurance options.
Ready to chat with
a specialist?
Get started
Reviews of Holborn Assets
You may also be interested in

The European Health Insurance Card in 2022
With European Health Insurance Cards being phased out and replaced by the Global Health Insurance Card (GHIC), there are some things you need to know.
Read more
Moving to Andalusia? Read our guide!
Are you moving to Andalusia? Moving to Spain could become complicated without a proper plan. Read our guide to learn what you don't know.
Read more
Work remotely in Spain? Digital nomad visa coming soon
The Spanish government is preparing a dedicated digital nomad visa for expats who'd like to work remotely from there.
Read more
Cost of living crisis in Spain: What you can do about it
The cost of living has risen significantly in Spain in the last year. Holborn Assets Spain can help you minimise the effect on your budget.
Read more