• Cover for heart attack, cancer, stroke, etc.
• Cover in event of permanent disability
• Tax free cash lump sum

Contractors typically work in a tough professional, and often stressful, environment which can sometimes have an effect on their overall physical health.

Whilst a day or two off ill will have a small effect on your income, a long period of critical illness (heart attack, cancer, stroke) could have disastrous financial consequences for you and your family.

Unlike traditional life insurance which only pays out in the case of death, Critical Illness Cover (CIC) will pay out on the diagnosis of a range of serious illnesses. This is typically a lump sum which could then be used for a period of convalescence or to make changes to your house. The cover is arranged with a monthly premium and can be taken out at the same time as Permanent Health Insurance (PHI).

PHI pays a monthly income for the period of your illness and stops when you are able to return to work. However if you have also taken out CIC and are diagnosed with one of the specified illnesses then you will have a lump sum at your disposal.

The cost of CIC and PHI will very much depend on your current medical circumstances, your age and your requirements. At Forum Wealth Management, we have a wealth of experience in selecting the right policy for our clients and we know which providers have the best track record in paying out.