Critical Illness Cover
Critical Illness Cover (sometimes known as Critical Illness Insurance) can help you take care of your financial commitments should the worst happen.
Critical illness Cover is a long-term insurance policy which covers critical illnesses listed within the policy terms & conditions. If you get one of these illnesses, a critical illness policy will pay out a one-off payment or regular income which can help pay for your mortgage or any other additional outgoings should you need it.
Examples of critical illnesses that might be covered include:
- Stroke
- Heart attack
- Certain types and stages of cancer
- Conditions such as multiple sclerosis
Most policies will also consider permanent disabilities as a result of injury or illness. But it only pays out once and then the policy ends.
Some policies will make a smaller payment for less severe conditions, or if one of your children has one of the specified conditions.