Critical Illness Insurance

What is Critical Illness Insurance?

Critical Illness Cover provides you with a lump sum if you are diagnosed with a named, serious illness. This could be illnesses such as cancer, types of heart attack and stroke.

The idea of critical illness insurance is to provide you with a lump sum of money when you most need it - when you have been diagnosed with a serious, life threatening illness.

The proceeds from a critical illness insurance policy will pass to you tax-free. They can then be used for any purpose -to pay off your mortgage or to provide care or alterations to your home.

Critical illness insurance has become more expensive in recent months due to the number of claims. This means that it may be better to buy a policy now, while this type of plan still exists.

Critical illness insurance will run for a set period of insurance. You may select premiums which remain the same, or will be reviewed. The premium that you will pay depends on your age, sex, the insurance selected and your health history. Critical illness insurance may be combined with life insurance.

For more information on critical illness insurance, or to obtain a quote, please contact us.