This type of policy can provide financial protection in the event of the insured contracting a critical illness
Advances in medical science hold out the prospect of living longer and surviving conditions that may have previously resulted in early death. Critical illness cover has become popular as surviving claimants can use the money to pay for treatment, make changes to the home, pay for living expenses or even take a holiday to help recover from an illness. The market has grown to meet this demand and there are now many different critical illness policies available, usually offering broadly similar but not identical cover. To help you choose the right cover for you, we provide advice on this important type of cover. The types of critical illnesses usually covered are as follows, although the exact terms will depend on the policy chosen and you should read the key features document carefully:
- Heart Attack
- Alzheimers Disease
- Multiple sclerosis
- Organ transplant Kidney failure
- HIV Infection
- Loss of speech
- Loss of hands or feet
- Parkinsons disease
- Pre-senile dementia
- Traumatic head injury
- Total permanent disability
There will be policy conditions attached to the above illnesses and it is important to obtain advice before making a decision.
THE PLAN WILL HAVE NO CASH IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF PREMIUMS ARE NOT MAINTAINED, THEN COVER WILL LAPSE.
THE POLICY MAY NOT COVER ALL THE DEFINITIONS OF A CRITICAL ILLNESS. FOR DEFINITIONS PLEASE REFER TO THE KEY FEATURES AND POLICY DOCUMENT.