Suffering a critical illness and surviving such a traumatic event can change your life and have a devastating effect. Critical illness insurance either on it’s own or as part of a life insurance policy provides a lump sum when the policyholder is diagnosed with one of the illnesses on a predetermined list. This lump sum can be used however you wish. It can be used to relinquish the burden of paying the mortgage and bills from your family whilst you are unable to work or allow you to seek alternative methods of treatment. We are experienced in analysing the market to help guide you to the most suitable product that suits your individual requirements. We are here to listen to your needs, offer advice and secure the right policy for you.
What is Critical Illness Insurance?
Critical Illness Insurance pays out a lumps sum cash payment to the policyholder should they be diagnosed with one of the specified illnesses on a predetermined list as part of an insurance policy.
Types of cover available:
Standalone Critical Illness Insurance – This type of policy will pay out a lump sum if you get a serious illness listed in the policy.
Combined Life Insurance & Critical Illness Insurance – This type of policy will pay out a lump sum if you die or get a critical illness. This option is more affordable than two separate policies but here is usually only one payment so if you receive a pay out for a critical illness then the life insurance cover will cease.
Mortgage Protection (Decreasing Term) – This policy will pay a sum to cover your mortgage should you die or get a critical illness.
Fixed or Reviewable Policies:
Fixed Insurance Policies – These types of policies allow you to fix the