For many having a lump sum in the event of a critical illness is a good and also a bad thing. The problem is that the critical illness cover payout should be used to either pay off a mortgage, replace lost income until the plan holder recovers or be used to pay for expensive treatment not [...]
These days most critical illness cover providers will cover over 30 critical illness definitions. One of these definitions is that of Total and Permanent Disability. Total and Permanent Disability means that if you suffer from any illness, condition or accident that totally and permanently prevents you from working, then you have a claim. However the [...]
If you do not have children then having this cover is neither here nor there for you. However in the future if you have kids then this cover will automatically be included. The amount of cover included for children varies from insurer to insurer however it is not usually the same as the main critical [...]
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 [...]
Term Life Insurance and Critical Illness Insurance can either be on a Guaranteed basis or a Reviewable premium basis. The terms relate to the monthly premium. Life insurance companies monitor claim rates and if claims are higher than the expected they will need to increase their premiums to ensure they continue to make a profit. [...]
