Specified illness cover, sometimes called critical illness cover is designed to pay a tax-free lump sum in the event of being diagnosed with one of the specific illness or disabilities that your policy covers such as Cancer, Heart Attack or Stroke. In fact there can be over 60 illnesses covered depending on the provider you choose. The lump sum payment is typically paid on the diagnosis of the disability or illness irrespective of the outcome. It can be added as an extra benefit on a life assurance or mortgage protection policy but you can take it out as a stand alone plan too if required.
As we are more likely to suffer a serious illness throughout our lifetime, specified illness cover is highly recommended, particularly when there is a mortgage or family to consider.
The plans on offer from each provider vary significantly in price and illnesses covered this is where Mason Wealth Management can help. We will assess your needs and any existing cover, shop the market and arrange the best possible cover for you at the best possible price.
Call us. Ask us about Specified Illness cover and see for yourself.
We’ll give you impartial advice because we’re not tied to one investment house, bank or insurance company.
Our senior consultants have decades of experience in all types of financial planning and financial management that delivers great results for our clients.
We take a holistic view, bringing greater choice and more products to the table, from several sources for maximum flexibility. We’ll then stay with you, advising and guiding you towards your financial goals.
Don’t just take our word for it
“We have had a fantastic experience with Mason Wealth Management. They show genuine understanding and care for us as their client, not just the wealth that we are investing with them. We constantly feel we are being given the advise that is best for us and the command that the firm shows of our portfolio and its active management is both impressive and very reassuring. I'd recommend them to any personal investor.”
“As we're about to start a family, we felt the need to chat to a professional for some advice on how to best manage our finances. The insight and advice we got was far beyond what we could have hoped for! No matter what life stage you're at I've no doubt you'd get immense value from a consultation with Mason Wealth Management.”
“Mason Wealth Management was recommended to me by my accountant over 15 years ago and I'm still getting advice from them even now. What I liked from the start was that you get impartial advice and you do not feel like they are just trying to sell you products. They are on your side and are your advisors. I would not hesitate to recommend Mason Wealth Management.”
“Wanted to get a clear picture of my financial health, and went into the process with Mason Wealth Management with some trepidation. Really positive experience, they did a really great job of making things very clearly to me and came out of the process feeling really good. Would highly recommend.”
“Mason Wealth Management provide us with really sound financial advice based on a real life understanding of our lifestyle choices. They give us the confidence to live our dreams.”