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What is Critical Illness Insurance?

If you are worried about what would happen to your mortgage, dependants, loans or business interests on your becoming seriously ill, critical illness cover may be the answer.   Critical illness cover pays out a cash sum if you are diagnosed as suffering from one of a range of specified illnesses and survive for a specified period.
You can choose to have Critical Illness Cover on a Level Term Assurance or Mortgage and Business Cover single life or joint life first death basis.  Critical Illness Cover can be taken out in addition to Life Cover or you could Critical Illness Only plan. The plan will end on pay out the sum assured.


Critical illness usually include*: Total Permanent Disability, Alzheimer's Disease, Heart Attack, Major Organ Transplant, Multiple Sclerosis, Blindness, Aorta Graft Surgery, Heart Valve Replacement or Repair, Motor Neurone Disease, Benign Brain Tumour, HIV/AIDS contracted in certain circumstances*, HIV/AIDS as a result of a blood transfusion, Paralysis/Paraplegia, Cancer, Inability to perform duties of occupation, Parkinson's Disease, Coma, Kidney Failure, Stroke, Coronary Artery Surgery, Loss of Limbs, Third Degree Burns, Deafness, Loss of Speech, .

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Check the policy features.

 This site contains general material and is not intended to give financial or other professional advice.
If expert advice is required, please seek the services of a qualified professional.
  

 

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