Insurances
Critical Illness Cover
In todays world and increasing number of people are impacted by a critical condition earlier on in life. Critical illness cover is designed to protect you and your family in the event of you being diagnosed with a critical illness. Whilst life insurance is a good foundation, critical illness cover provides so much more cover because unlike life insurance the pay out comes on diagnosis rather than passing away.
What is Critical illness cover?
Critical illness cover pays out a lump sum if you were to be diagnosed with a critical illness. Critical illness cover aims at providing a lump sum (free from tax) to help with your mortgage payments, ongoing commitments and general expenditure if you were to be diagnosed with a critical illness. You can set the cover to be linked to your mortgage value or a set amount or both.
How easy is it to arrange?
Critical illness cover is incredible easy to arrange and can usually be completed with an over the phone medical questionnaire, in some rare instances the providers we work with may require a medical but this is usually linked to any historically or ongoing health conditions declared
What is covered?
Each provider has a different set of critical illness conditions that are covered on their standard critical illness policy. Providers offer an option to upgrade the number of critical conditions covered on your policy and our advisors can inform you what conditions are covered under each policy.
Is critical illness insurance necessary?
Whilst not legally required critical illness cover provides an integral part of your overall protection package. Today we live in an unpredictable world where your health can change overnight and critical illness cover gives you the security to protect you and your family if you were to be diagnosed with a critical illness.