Type of Cover |
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Type of Cover
Critical illness insurance is a policy that pays out a tax-free lump sum upon diagnosis of a qualifying critical illness (defined by the specific insurance companies), within the term of the policy.
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Amount of Cover |
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Amount of Cover
This is the lump sum you want the policy to cover you for. i.e. for a £100000 mortgage the cover required is £100000.
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Length of Cover |
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Length of Cover
This is the number of years you want the cover for. i.e. for a 25 year mortgage the cover required is 25 years.
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Single or Joint Policy |
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Single or Joint Policy
The policy can either be arranged on one life or on a joint life first death basis. A joint life policy is often cheaper than two single polices however, should a claim be made on a joint life policy the policy will then cease.
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Increasing Benefit |
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