Have you got critical illness cover in place?
At Yomo Finance, we understand that life can take unexpected turns, and being diagnosed with a critical illness can have a profound impact on you and your loved ones. That's why we offer comprehensive critical illness cover solutions to provide you with financial protection and peace of mind during challenging times. Contact our team in Rochester now to get started.
What is critical illness cover?
Critical Illness Cover is an insurance policy that pays out a tax-free lump sum if you are diagnosed with a specified critical illness covered by the policy. This lump sum payment can be used to cover various expenses, such as:
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Medical bills and treatment costs
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Mortgage or rent payments
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Living expenses during recovery
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Modifications to your home or vehicle
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Paying off outstanding debts
By providing financial support during a difficult period, critical illness cover can alleviate the burden and allow you to focus on your recovery without worrying about the financial implications.
What illnesses are covered?
While the specific illnesses covered may vary between insurance providers, most critical illness cover policies include protection against conditions such as:
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Cancer
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Heart attack
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Stroke
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Multiple sclerosis
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Parkinson's disease
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Alzheimer's disease
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Major organ transplants
​It's essential to carefully review the policy details and understand the specific illnesses covered, as well as any exclusions or limitations that may apply.
Tailoring your critical illness cover
At Yomo Finance we understand that every individual's circumstances are unique. That's why we offer a range of options to tailor your Critical Illness Cover to your specific needs:
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Standalone or combined with life insurance - You can choose to purchase Critical Illness Cover as a standalone policy or combine it with a Life Insurance policy for comprehensive protection.
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Coverage amount - Determine the appropriate coverage amount based on your financial obligations, medical expenses, and lifestyle needs.
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Policy term - Select the duration of coverage that aligns with your long-term goals, such as until retirement or until your children become financially independent.
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Additional riders - Explore optional riders or add-ons, such as coverage for total and permanent disability or increasing the benefit amount to account for inflation.
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