Provides financial protection should you be diagnosed with a critical illness.
Single or joint critical illness policy can be combined with life insurance for additional cover.
The most common critical illnesses covered include cancer, heart attack and stroke.
Receive a tax free cash lump sum on diagnosis.
Policy can be tailored to suit your needs.
If you are looking to protect yourself agains serious illness but are unsure of what you require and whether you should combine with life insurance then let us help, don't worry there is no fee for this service.
Call 0800 612 7897, email us or click below and submit your details.
Guaranteed premiums may well work out cheaper for longer term policies.
The number of conditions covered varies by insurer, a good plan will cover over 30 illnesses.
Combining critical illness and life cover is often cheaper than standalone critical cover.
Joint policies are available to cover an outstanding mortgage which is in joint names.
When deciding on any insurance plan it is important to take the time to do your homework or let an expert in the field do the leg work for you.
When searching for critical illness cover it is important to take the time to read through the policy documents from some of the leading insurers so you have a good understanding of the illnesses covered.
Understanding the options available to you and the limitations of a plan really help ensure you obtain the critical illness policy that best fits your requirements.
We all face the challenge at some point in time of reviewing our financial protection. With more responsibility whether it is bringing a new person into the world or your first mortgage, the more important our financial protection becomes.
We often come to consider critical illness insurance when looking into life insurance. Where life insurance is limited to paying out on death a critical illness policy provides a tax free cash lump sum and can be tailored to your specific requirements.
Whether it is cover for a specific loan, or just the peace of mind knowing your financial obligations are covered should you suffer a serious illness a reputable plan can provide the necessary protection.
Making sure you find the best deal
Making sure of a competitively priced critical illness plan is like finding the best deal on any other insurance, utilise resources available and shop around.
Researching online you can gain a good foundation of the leading providers and their products. By requesting quotes from a variety of insurers you ensure yourself a well priced policy.
Each insurer will conduct their own methods of underwriting a policy which means one may well look upon you in a more favourable light than another resulting in you finding better rates.
Serious illness cover is a form of insurance designed to provide financial protection if ...read more
The monthly premiums like so many other health related insurances are dependant on a number of personal factors and the cover you decide upon. Personal factors insurers take account of when quoting include your age, whether you smoke and any pre-existing conditions.
As we age so our likelihood of suffering a critical illness increases. Insurers use this in their quoting mechanism which unfortunately means the older you are the higher your premiums will be.
Smokers get stung by their habits at both ends, not only does a packet of cigarettes cost a small fortune these days you will also incur inflated premiums on your insurance policies to account for the additional risk.
Pre-existing conditions can affect the premiums quoted and the cover provided by the plan, it is vital you disclose any information you feel would be important for the insurer to know, failure to disclose a condition could result in your policy being void.
Single or joint life policy
A single life policy is designed to cover a single person. A joint life plan covers a mortgage which has been set-up in joint names.
A joint life plan covers two lives but will only pay out once, on the first event. Please note if there is a claim on a joint life policy it will automatically terminate, the survivor is no longer covered by the policy.
Guaranteed or reviewable premiums
Guaranteed premiums provides the peace of mind of a fixed cost for the life of the policy, your premiums will not increase at any time during the term of the policy.
Opting for reviewable premiums provides the insurer with the opportunity to review the risk of your policy and the premiums every 2 to 5 years.
At policy commencement guaranteed rates are higher than reviewable however over time guaranteed premiums tend to work out cheaper as they are fixed from the outset.
Total Permanent Disability
Total and permanent disability (TPD) benefit is a specific condition of a critical Illness policy and generally has to be selected as an additional option.
Including TPD in your plan covers you if you are totally and permanently unable to work.
Typical Illnesses Covered
Typlical Illnesses covered under a critical illness plan:
In addition to the above the illness being covered the following list is typical for critical illness cover, please note that the lists of qualifying illnesses can vary between insurance providers.
Benign brain tumour
Heart valve replacement or repair
HIV or AIDs from an assault, blood transfusion, occupational duties or accident