Critical Illness Cover
Critical Illness Cover will pay you a tax free lump sum if you are diagnosed with an illness covered by the policy. These usually include certain types of cancer, heart attack, stroke, brain tumour and others. Everyone should have Critical Illness Cover if they can afford it. It is especially important for people without a partners income to fall back on or families to support them. If you are on a limited budget, Income Protection should take priority as it covers more conditions and has a greater probability of paying out.
Let us tailor a Critical Illness Cover package to your personal situation. Contact us now for free advice on what would be best for you.
Types Of Critical Illness Cover
- Level Term: A single payout, the size of which remains the same whenever a claim is made.
- Decreasing Term: The policy pay out reduces throughout the term of the plan;
- Family Income Benefit : Family Income Benefit provides a tax free regular income, rather than a lump sum.
- Severity Based: Pays out on a lot more illnesses but the size of the pay out is proportional to the severity of the condition claimed for.
Find out more by giving us a call or sending us a message for more information.
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