Critical Illness
As with life assurance, the younger you are the cheaper this cover normally is. It is usually available for those up to age 70.
Critical illness cover pays out a tax free lump sum on the diagnosis of a critical illness such as cancer or heart attack.
There are more than 30 kinds of critical illness and all policies normally cover seven core conditions of cancer, coronary artery bypass, heart attack, kidney failure, major organ transplant, multiple sclerosis and stroke. If you become permanently disabled from injury or illness they will also payout.
Not all conditions are covered and policies do vary so advice from an expert is critical! We review the claims history, service and definitions of illness of the providers to make sure you get the best cover. Some will payout if you cannot follow any occupation and others if you cannot follow your occupation.
You must normally survive one month following the diagnosis before the policy will payout.
It is paid out to you in a lump sum allowing you if you wanted to, to pay your mortgage off, pay for private treatment or even go a round the world trip!
Please contact us to review your needs and provide you with the most suitable crtitical illness cover deal.
