Critical Illness Cover

A Critical Illness policy pays out a lump sum on diagnosis of a critical illness or accident which has resulted in injuries of a certain severity (e.g. brain damage, significant loss of mobility, loss of limb, eyesight etc.) This fast cash input will always prove useful but it not the most satisfactory solution for younger people with a significant predicted working life ahead of them to (Income Protection policies are more affordable and effective for long term protection planning).

All insurers in the Critical Illness market include a core list of illnesses (as defined by the Association of British Insurer’s (ABI)). These comprehensive lists all cover the vast majority of significant situation’s that are considered Critical. It is then up to the insurer to decide which additional illnesses are covered. At first glance some insurers appear to cover many more illnesses but these policies sometimes pay only a fraction of the insured amount for minor illnesses – PLEASE SPEAK TO US ABOUT THIS – we’re here to advise, some policies are better than others – cheapest isn’t always best !!