Serious Illness/Critical Illness Insurance pays out a tax-free lump sum if you are diagnosed with one of the specific illnesses or disabilities that your policy covers. It usually comes as an extra benefit on a Life Assurance or Mortgage protection policy but can be purchased as a standalone product.
Typically a policy will cover Cancer, Heart Attack, MS, Stroke, Parkinsons, Alzheimer's etc..
However, each Life Company has a different product offering and it is important to review them to ensure you have the best one, at the best price.
For more information why not review what the Financial Regulator has to say about it just click here
For a free review, product consultation and quotation why not contact us and we will arrange a meeting.
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