Critical Illness Cover
Critical illness insurance will pay out if you get one of the specific medical conditions or injuries listed in the policy. But be aware that not all conditions are covered and policy will also state how serious the condition must be. Don’t confuse critical illness cover with life insurance, although they are sometimes sold together. Examples of critical illnesses that might be covered include strokes, heart attacks, certain types and stages of cancer and conditions such as Multiple Sclerosis. Most policies will also consider permanent disabilities as a result of injury or illness. 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.
We Can Help
All critical illness policies cover heart attack, stroke and cancer, provided they are of a certain level of severity. Cover for other conditions varies depending on the policy, and you’ll need advice to find out what’s included. You’ll also want to look at how severe a condition would have to be before you to get a pay-out. This is another case of cheapest is not always best and Black Swan can help giving advice on the best policy for your individual circumstances and budget.
Do I need Critical Illness Cover?
There are many things to consider when getting critical illness cover. For example, how would you replace your income if you became unable to work? Would you be able to pay to make your home wheelchair accessible if you needed to? How would you cover your mortgage or rent? How much cover you need depends on your personal circumstances.
Give us a call on 01283 567 200 for a free initial consultation.