Critical Illness Cover Insurance Definitions
Posted on February 4th, 2011 in All Posts, Critical Illness Cover, Term Life Insurance. Life insurance companies cover various critical illness definitions. These can vary between insurers. Sometimes having the cheapest price cover can mean reducing the benefits that are offered. As a specialist in life insurance and critical illness protection we will compare not only the cheapest cover but the one that gives best overall value for your money. Below is a list of the top 12 UK critical illness insurers and the definitions that each one covers. This information was compiled in 2009 and may alter as insurers often change what the policies cover from time to time.
The definitions that each one covers is only part of the picture. To work out which insurer offers best value for money one should also take into account other factors listed below:
- Amount of children’s critical illness provided.
- Type of Total and Permanent Disability i.e. own occupation or any suited occupation.
- Are the premiums guaranteed or reviewable.
- What is the insurers claims history and policy.
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