A Critical Illness Policy pays a lump sum if you are diagnosed with one of a list of serious conditions . The lump sum is paid tax-free and aims to replace a loss of income and/or increased expenditure due to the illness.
A total of 38 illnesses are covered by this policy, also known as Specified Illness Cover or Serious Illness Cover. The most common conditions are heart attack, cancer, stroke, multiple sclerosis and motor neurone disease.
Think cancer doesn’t apply to you? These celebrities are just some of those affected by cancer (and that is only 1 of the 38 illnesses covered).
The cost of taking out Critical Illness Cover rises significantly as you get older, so if this policy is of interest to you, don’t delay.
You are more likely to suffer a critical illness that is debilitating than die prematurely. Critical Illness Cover helps you to protect yourself, your family and your business interests against the unknown.
Illnesses Covered by Critical Illness Cover
