Critical Illness Insurance | Critical Illness Cover
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How difficult would you find it to meet your current financial commitments if you became critically ill? Could you provide for your children, parents or pay the mortgage? Critical Illness Insurance can provide a lump sum payout if you were diagnosed with one of the many critical illnesses covered.
To request an Insurance Quote, please Complete the short quote form below.
Your Insurance adviser will then search the market for you, and contact you with details of the best policies available.
Critical Illness Cover - the facts
Critical Illness Cover is disigned to pay out a lump sum on diagnosis of a critical illnesses covered by your policy so that you ca reduce any financial commitments you may have such as a mortgage, credit cards or other debts. For those that are self employed it can make the difference between the business continuing or ceasing to trade.
Critical Illness Insurance provides more than repayment of the mortgage however. It allows you to retain your independence. Perhaps modifications would be required to your home or vehicle to improve mobility, hire help during recovery, or maybe fund the ability for a spouse to stop working. The ability to access medical services not available in the UK.
Cover is available as a stand alone policy, or as an addition to other life assurance policies such as a term life insurance or mortgage life insurance.
Why do you need critical illness insurance?
Critical Illnesses: The graph shown here details critical illness claims and the percantages attributabe to the different serious illnesses. Some sobering facts:
- Around 55% of all critical illness claims relate to cancer.
- A man has a one in four chance of suffering a critical illness before retirement age. For a woman it is one in five
- Around 8000 women under 50 are diagnosed with breast cancer each year in the UK
- The most common cause of cancer for men aged between 20-39 is testicular.
Waiver Of Premiums
Waiver of premium is an add on to your insurance policy, and for a small additional amount will ensure your monthly premium continues to be paid for you if you are unable to continue working through illness or accident. It does not cover unemployment or redundancy though.
When in payment the cover will continue to the end of the policy term, a specified age, or until you are able to return to work. A deferment period of 6 months is standard with waiver of premium.
Critical Illnesses Covered
Summary of
| Alzheimer's Disease | Liver failure |
| Aorta Graft Surgery - | Loss of hands or feet |
| Aplastic Anaemia | Loss of Speech |
| Bacterial Meningitis | Major Organ Transplant |
| Benign Brain Tumour | Motor Neurone Disease |
| Blindness | Multiple Sclerosis |
| Cancer | Paralysis of limbs |
| Cardiomyopathy | Parkinson's Disease |
| Coma | Primary Pulmonary Hypertension |
| Respiratory failure | Coronary Artery By-Pass Grafts |
| Third Degree Burns | Heart Valve Replacement or Repair |
| Deafness | Progressive Supranuclear Palsy |
| Dementia | Systemic Lupus Erythematosus |
| Encephalitis | Creutzfeldt-Jakob Disease |
| Heart Attack | Terminal Illness |
| Stroke | Total and Permanent Disability |
| HIV infection | Traumatic head injury |
| Kidney failure |
Terminal Illness Cover
Terminal Illness Cover is included with most Term Life Policies free of charge. The benefit of terminal illness cover is that the sum insured can be paid out prior to death. In the case of a policy covering a mortgage, this can remove the financial burden and worry of paying the morgage so that precious time can be spent with loved ones.
A terminal illness is one where the insurers Chief Medical Officer confirms an advanced and rapidly progressing illness that is incurable.