Critical Illness Cover
Critical illness insurance could provide you with a tax free lump sum if you are diagnosed with a critical illness.  In such emotional times, this type of cover can provide you and your family financial peace of mind, to ensure you can fully focus on your recovery and spend time with your family. This money could be used to make up for a lost income, clear a mortgage, pay for private medical treatment, or any way you and your family deem fit.
FAQ
What is the difference between critical illness insurance and life insurance?
Life insurance comes into play upon your passing, providing a lump sum to your chosen beneficiaries.
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Critical Illness insurance becomes active when you're diagnosed with a covered critical illness as outlined in your policy. This results in a tax-free lump sum payment, the cover will typically end after the payout is given.
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Both of these insurance options are worth contemplating, especially if you have dependents who rely on your financial support.
What are the benefits of critical illness insurance?
Critical illness insurance grants you financial peace of mind and security by delivering a lump sum payout upon the diagnosis of a qualifying condition. This lump sum can serve any purpose you deem necessary—whether it's directed towards private medical treatment, debt reduction, making up for lost income, or creating a financial cushion for your family's future.
Can I get critical illness cover if I already have a medical condition?
Certain insurance providers might include coverage for pre-existing medical conditions, but it's highly probable that the policy's cost will increase as a result. A pre-existing medical condition refers to a health issue you've experienced previously. If, during the application process, you're currently dealing with a condition that you'd potentially make a claim against, it's quite likely that this specific condition would be excluded from the policy, or you may have to wait for results of any ongoing investigations. However, the insurer could still offer coverage for other qualifying conditions.
Contact Us
Why not give us a call on 0203 633 4342, for an initial chat with one of our Mortgage Advisors?
0203 633 4342