There are many different types of life assurance products available. At Prosperity, we can advise you of the most suitable product to suit your individual needs. People take out life assurance for many different reasons including

• To protect your mortgage
• To provide an income for your family if you die
• To allow your business to survive if you die

The amount of cover you take out all depends on your financial circumstances, such as your outgoings and earnings.  At Prosperity, we look at all of this so we can advise the amount that suits you best.

Critical Illness Cover- Unlike Life Assurance which pays out only when you die, Critical Illness pays out a lump sum on the diagnosis of a specified critical illness which will help to minimise the financial hardship that your family may suffer due to your potential loss of income.

With all the advances in medical science, it means that one can now stand a far greater chance or surviving a critical illness, but it still means that you could suffer a potentially high earnings loss.

Critical Illness is typically paid out within 30 days from the diagnosis of the illness and is not affected by any other health insurance you may have.

The money may be used as you see fit, but many people use it for additional medical expenses which might be incurred by their illness.

Illnesses typically covered include;

• Alzheimer's disease
• Angioplasty or heart bypass
• Heart attack
• Kidney failure
• Life-threatening cancers
• Loss of hearing
• Loss of limb(s)
• Loss of sight
• Loss of speech
• Major organ transplant
• Paralysis
• Stroke

For more specific information on critical illness, or to get a quotation, please contact us.

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