Prepare for the unexpected with Critical Illness Cover. We all have busy lives but don’t overlook planning for the future as life can be unpredictable. This policy allows you and your family to focus on what really matters instead of worrying about money.
How does critical illness cover work?
Plans vary depending on the one that is right for your circumstances but, generally, this is how they are structured:
A lump sum is payable if the critical illness meets the stated definitions in the terms of your agreed plan.
There is no cash value and the insurer won’t pay out if you die.
It is paid via monthly instalments but the cover will cease if you stop paying into the plan.
What about cover for children?
Yes, some plans include a children’s benefit:
If your children are diagnosed with a critical illness then your insurance cover will pay out a lump sum.
The payment is based upon the insurer’s plan and the children’s critical illnesses that they cover.
Is Critical Illness cover included in Life Insurance Cover?
Most insurance companies offer a combined plan – life insurance cover and critical illness cover. It’s not included as standard though so you need to check the terms of your policy.
Our experienced and friendly insurance advisors will be happy to help if you’re not sure.
Put your family first
How would your family cope if you were unable to work? Do they rely on you to pay the monthly bills? Put a plan in place today. Don’t leave it to chance.