12th Aug ‘08 - L&G Offer Critical Illness Cover Advice

Posted on Friday, August 15th, 2008 at 4:34pm

Legal & General, one of the UK’s leading pension and life insurance companies, has advised UK citizens to consider critical illness cover, warning people that without this policy, there pension funds could be in danger of falling short of funding a comfortable retirement.

Bonnie Burns, L&G’s head of protection warned consumers that if they suffer an illness, critical illness cover could represent their only way of continuing to put aside money for retirement.

“It's well documented that many people do not save enough for their retirement. However, if you are unfortunate enough to suffer a critical illness then you may never get your pension plan back on track,” he said.

Adding, “Critical illness cover should be an important consideration for anyone looking to protect their lifestyle and their ability to continue to save. The earlier in your career you take out a policy, the cheaper it is and you can protect your most important years in terms of savings capacity.”