Life insurance is designed to protect your family or other dependants from the financial consequences of your death. By having the right amount of insurance, you are taking an important step towards making sure that the people you care about – and who depend on you financially – will not face major money worries in the event of your death.
We search the panel of insurance providers that we have to see which providers offer the most appropriate cover within your agreed budget, offering you the most suitable policy definitions that will cover you and premiums that most closely suit you.
Critical Illness and Serious Illness insurance policies pay out a cash lump sum when you are diagnosed with a particular illness or suffer injury from a serious accident as speficied in the policy.
Policies vary depending on the provider, so it’s important to understand the differences. For example, the number of illnesses covered, definitions, partial payments and claims to payout ratios.
In the event of your diagnosis, money paid out from a Critical Illness policy could be used to help maintain your standard of living, pay off your mortgage and, if needed, pay for private healthcare.
Children’s Critical Illness Cover
Many insurers may also offer Children’s Critical Illness cover at no extra cost. This can protect children from 30 days up to 18 years of age and up to £25,000 tax free (under current legislation, tax year 2016/2017), per policy, per child.