What is Life and Critical Illness Insurance?
Critical illness insurance (also known as critical illness cover) will pay out to
your family if you have a serious medical condition that is covered under
Life insurance and critical illness cover are usually sold alongside each other, to ensure that your family is protected if you fall critically ill. When the two types of insurance are sold together, it is usually better value for the customer as the price is brought down, almost like a multi-buy discount.The tax-free sum that you receive as part of your critical illness cover differs from that of life insurance as it is given after diagnosis. Life Insurance Cover can be purchased either by an individual or can come as a benefit from working for a company. However, the latter isn’t guaranteed as it is only certain companies that offer this perk.
Life Insurance cover is a must for those that want to guarantee that their family members are taken care of after they are gone.
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Who Needs Critical Illness Insurance?
Critical illness can affect anyone, no matter what their age or lifestyle.
Critical illness can affect anyone, no matter what their age or lifestyle. Transforming the lives of both the individual and their family, it is important that they have the cover they need to protect them as the condition progresses.
It is a good idea to have critical illness cover if you have young children, can no longer work because of the condition or if you want your family to be able to pay off the mortgage.Even though people use benefits (given by the government) and savings to supplement any losses that occur as a result of contracting the condition, Critical Illness Cover can be a welcoming safety net that can usually cover up to £100,000.
What Illnesses Are Covered?
The illnesses that are covered by a critical illness policy will depend on the insurer that you choose. At MyKeyManInsurance we have a wide range of trustworthy, reliable and budget-friendly insurers that offer critical illness cover, from Legal & General to Aviva and Royal London. Generally, the insurers cover permanent illnesses/conditions such as:
What Doesn’t It Cover?
How Much Does It Cost?
How To Bring The Cost Down
If you are wondering if there is a way to bring the cost of the policy down, you can do this by:
These small changes can make a big difference to the amount of the premiums each month, making them far more manageable. They are also, of course, beneficial to your personal health.
How To Find Reliable Critical Illness Cover
A few Things To Consider…
How it works
Submit the details of the key people
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Fill out the application and get covered today.
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