Six-time Olympic cycling champion Chris Hoy, age 48, revealed Saturday that he has terminal cancer and has been told by doctors he has “two to four years” to live.  A scan revealed primary cancer in his prostate which metastasised to his shoulder, pelvis, hip, spine and ribs.

Combining Critical Illness insurance and Individual Disability insurance can provide a robust financial safety net in case of serious health issues or injuries. Here’s why:

                Critical Illness – Lump Sum payments and coverages for major illnesses

Individual Disability Insurance – To have Income replacement in case you cannot work while getting treatment due to the cancer. You also have long-term income security.

By combining the two, the Critical Illness coverage can help your finances while you go through your Individual Disability Insurance elimination period.  Together, these insurances cover both immediate and ongoing financial needs, helping you manage large medical expenses and maintain your standard of living.

By having both types of insurance, you can better safeguard your finances against the unpredictable nature of serious health issues and disabilities.