Critical Illness Insurance
Some term insurance policies provide extra cover in the event of the policyholder contracting or developing a critical or terminal illness.This type of insurance can be taken out separately from life insurance with some insurers, and covers the policyholder for serious illnesses that may not necessarily be fatal. The cover is paid out in the event of diagnosis of a specified illness. In this instance, it is essential to know what your policy will pay out for, and what it won’t. Some will cover basic critical illnesses, whereas others will cover a more extensive variety of conditions. You must provide full medical history to your insurer to be certain that they will pay out in the event of a claim.
To find out more information about critical illness cover please contact us and we will be happy to help.