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| Critical Illness Cover Standalone or
with Life Insurance |
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Critical Illness Cover
originally known as the dread disease
insurance pays out a lump sum on the
diagnosis of a serious medical
condition. The lump sum paid out is tax
free and is designed to help with the
financial pressures that a series
illness can have. The proceeds could be
used to repay mortgage or loan debts,
pay for expensive medical treatment or
even adapt you home to accommodate your
disability.
Critical Illness Cover can be set up on
a standalone basis or it can be set up
to include life cover. Because a
policyholder is much more likely to get
a critical illness than to die the life
cover part of plan will be cheap
compared to the critical illness cost.
Normally the insured will need to
survive for 1 month following diagnosis
of a condition before a critical illness
policy will payout. However if life
cover is included and the policy holder
dies after a week the life part of the
policy will pay out.
All policies should cover seven core
conditions. These are cancer, coronary
artery bypass, heart attack, kidney
failure, major organ transplant,
multiple sclerosis and stroke. They will
also pay out if a policyholder becomes
permanently disabled as a result of
injury or illness.
However as you can see by viewing our
critical illness definitions page
most insurers cover over 30 illnesses
and some cover many more.
Like term life insurance policies
critical illness cover can be taken on a
decreasing or level term basis. A
decreasing term would normally be used
to protect a repayment mortgage a level
term policy would protect an interest
only mortgage or could be used to help a
policyholder until they recovered and
went back to work.
To get quotes and receive advice fill
out the form and get help from a
financial adviser. |
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| Quotes in 3 easy steps: |
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1. You complete the simple form
2. We search the whole of the market
3. You receive quotes |
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- Cover starts from as little as *£5 per month
- Quotes are FREE and without obligation
- We can put policies in trust for
free.
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| We compare the leading insurers including: |
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Useful Website Sections: |
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Popular Critical Illness Articles: |
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*£5.00 Per month quote based on 25 Year
old female Non Smoker for £102,740
guaranteed level life cover only for
term of 25 Years.
**Take out life insurance before 31st
December 2010 and receive a £25.00 gift voucher. Voucher sent
once 3 months premiums are paid. If you
cancel within this period the voucher
will not be paid. One voucher per
customer. |
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