Being diagnosed with a serious illness can have a major effect on you and your family’s life. Protection can help reduce one of the worries in these difficult circumstances. Make sure you and your loved ones are suitability covered.
What is critical illness cover?
Critical Illness policies pay a lump sum on the diagnosis of any of the conditions or diseases specified in the policy conditions, regardless of whether the illness subsequently prevents the life assured from returning to work, as the trigger for the policy to pay out is the diagnosis.
For a claim to be made the life assured would usually need to survive for a period of 28 days after the initial diagnosis. Critical Illness cover can either be a standalone policy or an option on a level term or decreasing term assurance policy, this will ensure the loan is repaid if a critical illness or death occurs.
Total Permanent Disability is often included, and this allows a claim to be paid out if the life assured is permanently disabled from any work.
The best critical illness cover for you?
We can assist in researching, advising on and arranging an appropriate protection policy for you. All of our costs involved are covered by a fee we will receive from the provider, meaning no additional fees to be paid by you. On this basis, there is no harm in reviewing your current situation and there is no obligation to proceed.