Lemon Tree Financial Launches Critical Illness And Income Protection Insurance

Harrow, UK based financial advisor Lemon Tree Financial has announced that they now offer income protection and critical illness insurance. The company notes that a lot of people struggle to understand the different types of insurance cover, particularly with life insurance, and thus have found it necessary to explain certain kinds of life insurance such as the one that have recently introduced.

Mitul, spokesperson for Lemon Tree Financial, says: "In the event that you become ill, and this may even be a critical condition, it is incredibly important to have proper protection. You will still have your bills and living expenses to cover, after all. However, without work, you may have very little income. This is why we now provide sound financial advice on the different insurance products that can help to protect you from such eventualities."

In the United Kingdom, people are covered for their medical expenses under the NHS, to which they contribute through their national insurance. The basis of the NHS is that health care should be free at the point of delivery. While a fantastic system that serves as a role model for countries all over the world, the NHS is significantly overstretched, and this can result in long waiting periods. Furthermore, care in hospitals is delivered in basic rooms, often shared with as many as 12 people. As a result, many people look towards taking out private medical insurance, which gives them various benefits.

"With private medical insurance, something that we recommend to all our clients, the standard of care is much better," adds Mitul. "Patients are seen as a priority, and they are offered first class accommodation during hospital stays, including private rooms. As a result, we believe this to be an essential element of critical illness and income protection insurance, not in the least because it may mean that you will heal more quickly and be on your feet again soon."

Meanwhile, income protection insurance is a popular form of insurance offered to people who sign up for new home financing. However, Lemon Tree Financial encourages everybody, whether they already own a home or not, to look into it. With life expectancy growing, it is more likely than ever for people to be hit by an illness rendering them incapable of working.