Generally run alongside a life insurance policy, critical illness policies cover an individual for a set period against a number of serious illnesses, diseases and medical conditions. It pays out a single tax-free lump sum on the diagnosis of one of the illnesses specified in the policy details. Diagnosis alone of one of the specified illnesses is sufficient to trigger payment. There is no requirement for loss of earnings or even for special medical treatment. Each critical insurance provider has their own definitions of illness. Pre-existing conditions may be excluded.
We have access to a limited panel of critical illness cover companies, which include some of the biggest name in the protection industry.
It’s a complex product that needs care and attention to ensure the right product is selected – we aim to tailor each policy to meet each individuals circumstances