|
Benefits
It pays out a single tax-free lump sum on the diagnosis
of one of the illnesses specified in the policy details.
The benefits of any payout can be used for any purpose,
though the most common are:
- Paying off debts, such as the mortgage.
- Being able to change to a less stressful job without
worrying about the drop in income.
- Adapting the house or car to accommodate a wheelchair.
- Having a good holiday to recuperate.
- Fulfil a lifetime ambition.
Critical illness cover as an option on a term assurance
policy or as a separate policy will normally pay out
nothing at the end of the policy term. This cover provides
protection for you and your dependants should you become
critically ill during the term. There is no savings
or investment element and there is no cash-in value.
|
Critical
Illness Insurance Guide
