No one wants to be stuck leaving their family in a position where they are in a struggle, whether it’s financially or just due to the amount of things needing to be done. If you were to become critically ill how would your family cope, would your partner struggle looking after the house and any children you have? Would you be able to meet your financial commitments if there was a loss in income? If the answer to either of these questions is no then you need to do something about it before it is too late.
If your partner wouldn’t be able to cope with running the house or looking after your children if you were not at home then you should make sure that they are involved more so that they wouldn’t feel under as much pressure. It can often be difficult getting your partner more involved because of their working hours especially when mixed with your own but even if it’s one day a week. In just the same way you should also be aware of what they do around the home and how it is done just in case you ever need to do it, it is always better to be prepared.
If you and your partner both work then you could lose a large chunk of your income if one of you was to be diagnosed with a critical illness and need to be out of work for a long period of time. You don’t want to have to struggle financially at the same time as having extra things to do outside of work while caring for your partner and having to make visits to the hospital or anything else that is needed. You can help make sure that finances aren’t something to worry about by taking out individual critical illness policies for you and your partner, for a small monthly fee you don’t need to worry about what would happen if you or your partner was critically ill.
A critical illness policy allows you to receive a lump sum payout which can be used as you wish, many people use it to pay off their mortgage to help reduce their financial commitments, and this is a great way to use it if you’ve lost out on an income because you or your partner can’t work. It can also be used to pay for any special care or treatment required, if you are at work and your partner is at home you may want to hire a nurse to be at your home while you are working so your partner gets all the care that they need. You may want to pay for specialist treatment which isn’t available on the NHS or which has a long waiting list. Other people use their payout to fund a family holiday which can be enjoyed by all before the critical illness has taken too much of a hold and this means that there are recent happy memories to be remembered.