The diagnosis of a serious or life-threatening illness can be devastating. Not only for an employee themselves but also for their employer and all the other employees who may be friends and colleagues.
Financial worries can often accompany a life-changing diagnosis, and the employee may find themselves struggling to meet their commitments whilst they receive treatment. Therefore a tax-free lump sum payment from a Group Critical Illness plan helps to reduce these concerns so they can focus on getting better. The lump sum can be used for whatever they like. For instance, they may need to make adaptations to their home, or just have the money to pay the bills.
Importantly, it’s the diagnosis of the serious illness that triggers the payout from the plan. The illness does not need to be terminal, and they do not even have to be signed off from work to claim.
GROUP CRITICAL ILLNESS
AS WHOLE OF MARKET BROKERS, WE WORK WITH ALL THE LEADING PROVIDERS INCLUDING:
For more information about Group Critical Illness download our 'Spotlight Sheet' here.
“Dealing with Excellect is great as they are extremely customer focused! Over the last few months, Ryan has helped me as well as many of my clients with pragmatic and practical solutions.
He is highly efficient, personable, and responsive. This means full reassurance whenever dealing with him. Furthermore, I know I can refer him in the full knowledge that others will get the same support. Highly recommended!”
