Critical Illness Insurance
What is Critical Illness? Critical Illness pays out a lump sum or income until the end of the term of the insurance policy, if you are diagnosed with a terminal illness or critical illness that meets the policy definitions.
When critical illness cover is taken out the policies include cover for your children at no extra cost to you. Please note age restrictions apply, ask me for further details.
Some of the critical illnesses and disabilities that are covered by a policy would be:
- Traumatic head injury - resulting in permanent symptoms
- Loss of independent existence - resulting in total and permanent disability
- Loss of hands or feet (permanent physical severance)
- Third degree burns (covering 20% of the body's surface area)
Please note definitions very from provider to provider, full policy details will be provided.
Critical illness insurance could cover members of the Armed Forces when they are on tour or in a war situation.
Imagine if you were diagnosed with a critical illness or a total and permanent disability having some extra money could help you pay off your mortgage or indeed buy your own home, pay for specialist medical treatment or allow you to take a recuperative holiday.
The good news with medical science is that more and more people are surviving illnesses once thought to be fatal, many people will go on to lead a relatively normal life.
Often big changes are made and this can affect the salary you were earning before.
Critical illness provides you with a lump sum or monthly income so you and your family can concentrate on your recovery.
I am also able to offer advice on Serious Illness Cover.
Serious Illness cover is designed to protect you from a wide range of illnesses that have an impact on your life, rather than just the debilitating or life threatening ones covered by most traditional Critical Illness policies. Payments are based on a the severity of the serious illness. If you are diagnosed with one of the conditions that are covered, Serious Illness Cover pays you a lump sum. If your condition gets worse, or you are diagnosed with a different illness, you could get more than one payment. Terms and conditions apply. Payouts are on a sliding scale based on the severity of the defined serious illness.
Products are sourced from a panel of providers (a list is available on request) and the most suitable cover will be recommended for you and your family.