The coronavirus (COVID-19) pandemic, has led to concerns and questions about how best to protect our loved ones in times like this.
If you or a loved one has to make a claim on a life insurance policy as a result of the coronavirus pandemic, it would be handled like any other life insurance claim and be paid subject to the usual policy terms and conditions.
If you were diagnosed with critical illness, would you be able to cope financially? It’s easy to think ‘I’d cope, that’ll never happen to me’ but most of us know someone either directly or through friends and family that has been affected.
Critical illness insurance offers you and your loved ones financial support should you unexpectedly fall ill with a specified illness.
Critical illnesses are identified under a specific set of criteria and coronavirus (COVID-19) is not a specified critical illness under the Association of British Insurers (ABI) Guide to Minimum Standards for Critical Illness Cover.
Being unable to work can quickly turn our world upside down, as we’ve seen for thousands of people during the coronavirus (COVID-19) pandemic crisis. No one likes to think that something bad will happen to them, but if you couldn’t work due to a serious illness, how would you manage financially?
Since the onset of the coronavirus (COVID-19) pandemic more people have become aware of the importance income protection insurance can offer. Offering the financial support needed if you’re unable to work due to an accident or injury.
Nothing is more important to you than your health, and the health of your family. If you or your loved ones were to experience worrying symptoms, private medical insurance can offer reassurance and control at a difficult time.
Nearly 7 million adults are concerned about access to medical treatment[1], with lockdowns affecting access to medical treatments. 6.8 million[2] adults (13%) are worried that they won’t be able to get medical treatment if they need it, with people aged over 55 particularly concerned.
As we get older, many of us will need help looking after ourselves. With the United Kingdoms population ageing, more people will be living with long-term care needs.
The coronavirus (COVID-19) outbreak has prompted many people to get their affairs in order by updating their Will. Increasingly COVID-19 has been on the minds of UK residents since the outbreak caused a nationwide lockdown last March, and the severity of the outbreak has led many to finally get around to creating or updating an out-of-date Will.
A Lasting Power of Attorney (LPA) is a legal document that allows you to appoint one or more people to make decisions on your behalf during your lifetime. The people you appoint to manage your affairs are called the Attorneys. A LPA is a completely separate legal document to your Will although many people put them in place at the same time as getting their will written, as part of wanting to plan for the future.