Protection

Critical Illness

What is Critical Illness Cover?

A Critical Illness plan is designed to pay out a lump sum should you be diagnosed with a critical illness during the term of the policy.

What options are available?

A Critical Illness plan can provide level cover (the same amount of money will be paid whenever a claim is made during the term), decreasing cover (to protect a capital repayment mortgage where the lump sum needed gradually decreases over the term of the policy) or an income over the set period.

This type of cover can also be combined with life cover to provide a lump sum or income on diagnosis of a Critical Illness or death, if this should occur earlier.

Critical Illness plans can be written on a single life or joint life basis, noting that on a joint life basis it will only pay out once.

Which “Critical Illnesses” are covered?

Illnesses typically covered include:

Heart Attack
Major Organ Transplant
Cancer
Stroke
Coronary Artery by-pass
Paralysis/Paraplegia
Kidney Failure
Aorta Graft Surgery
Alzheimer's Disease

Loss of Speech
Multiple Sclerosis
Blindness
Angioplasty
Loss of Hearing
Loss of Limbs
Brain Tumour
Motor Neurone Disease
Severe Burns

Are my children covered?

Cover for your children (between the ages of six months and 18 years) is often included in these policies. Normally, the cover is a percentage of your policy up to a maximum amount of approximately £25,000.