Serious Illness/Critical Illness Insurance pays out a tax-free lump sum if you are diagnosed with one of the specific illnesses or disabilities that your policy covers. It usually comes as an extra benefit on a Life Assurance or Mortgage protection policy but can be purchased as a standalone product.
Typically a policy will cover Cancer, Heart Attack, MS, Stroke, Parkinson’s, Alzheimer’s etc..
However, each Life Company has a different product offering and it is important to review them to ensure you have the best one, at the best price.
For a free review, product consultation and quotation why not contact us and we will arrange a meeting.