What is Critical Illness CoverĀ 

Critical illness cover pays a tax-free lump sum if you’re diagnosed with a defined critical illness during the policy term.

When you take out a policy you can decide how long it will last e.g. until your children have grown up, or until the mortgage is paid off.

Critical illness cover is often available as a combined policy with term life insurance. In these instances, you can often only claim once – e.g. if you get a cash payout after being diagnosed with cancer, the policy is effectively finished.

Terminal Illness Cover:

Terminal illness cover pays out the cover amount in full when the policy holder is diagnosed as having an illness which is likely to cause death in the near future, usually a period of either six or twelve months. Some life insurance policies include terminal illness cover at no extra charge to the policy holder.

To find out more about the options available and what level of cover would be right for you, contact one of our expert advisers today.