Critical Illness Cover

Regrettably at some point in our lives we will all need to think about what will happen if we have a serious illness that may even lead to death.  With critical illness cover you can at least be at peace of mind that your close family will not have to worry about any financial burden as well as coping with the loss of a person.

If you are diagnosed conclusively with a critical illness (look at the list below for some of the conditions covered) then your cover will become payable.  Like all policies there can be certain exceptions so it is well worth checking out these exclusions before proceeding with any policy. 
Amongst others, here is a list of critical illnesses to give you some idea when a policy will become payable (although not exhaustive):-

Cancer 
Parkinsons Disease
StrokeTerminal Illness
HIV Infection
Paralysis of Limbs
Kidney Failure
Major Organ Transplant
Heart Attack
Loss of Speech
Deafness
Alzheimer’s Disease
Multiple Sclerosis
Paralysis of Limbs
Heart Valve Replacement
Coronary Artery Bypass
Blindness
Benign Brain Tumour
Traumatic Head Injury
Third Degree Burns
Coma Motor Neurone Disease

As with life insurance policies, there are variations in what policies are available’  Level term assurance and decreasing term assurance, IFA Essex can talk you through all the different options available to you to help you understand what policy type is best for you.

It is also important to note that critical illness cover costs can be higher than a life insurance as it all depends on your medical history and age, also the policy is more likely to pay out during the term of the policy.  It is possible to combine both critical and life insurance in the same policy.