Critical illness cover is an insurance scheme which exclusively looks after those who get a critical illness which is specified in the policy. This kind of policy provides a lump sum which is tax free and is very helpful at such an emotional time.
Critical illness policies cover a list of critical illnesses. Diseases like cancer, strokes and heart attacks usually fall under this policy. However, it is very important to remember that the insurance may cover only certain types of diseases and at certain stages of them being critical. For example, your insurance may cover breast cancer but may not cover a type of cancer which has only developed in a few cells and has been prevented from spreading to other cells. Similarly, many critical illness policies do not cover illnesses such as HIV related diseases, self-inflicted injury and injury or illness which is due to extreme sports.
Since these policies are fairly straightforward and give a clear-cut list of all the illnesses that fall under them, people are now being encouraged to look at these options as a long term investment in order to ensure that you will be able to survive comfortably.
A critical illness policy can also be combined with a life insurance policy.
Just remember though, that we are here to help and our trained and independent advisers can answer all of your questions and find the right policy for you. If you complete our online form an adviser will contact you.