Critical illness policies are there to provide a lump sum if you are diagnosed with a qualifying illness. They are often used to protect a mortgage debt but can be there just to provide you with some financial support at a time when you need to focus on your health and recovery.
The critical illness market used to be relatively simple in days gone by with policies just covering Cancer, Heart Attack and Stroke. These 'big three' are still where the vast majority of claims are made but the policies themselves have become far more broad reaching in the cover they provide. Some policies will now cover up to 46 different conditions, provide critical illness cover for children, provide access to secondary medical opinions and additional support in times of need. Some policies may also pay at an earlier stage of an illness than others and some pay an amount based on how severe the condition is.
It is therefore important that before you decide on which policy is right for you that you understand in full the options available. We are able to talk you through the complexities to not only understand the options but to also decide which one will provide you with a benefits that best match your concerns.
Plans may not cover all the definitions of a critical illness. The definitions vary between product providers and will be described in the key features and policy document, if you go ahead with the plan.
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