Step 1: Find out what your current policy covers. If you’re unsure what your policy covers, you should check with your insurer. This is an important step because it can help you avoid buying the
What’s the difference between life insurance and critical illness cover? Let’s start with life insurance. This is the easiest one to describe because it’s self-explanatory: life insurance pays out a lump sum of money, tax-free,
What is life and illness cover Life and illness cover is designed to give you peace of mind, as it pays out a lump sum if you were diagnosed with a serious illness or die.
What is critical illness cover? Critical illness insurance is a type of coverage that can pay out a tax-free lump sum if you are diagnosed with and survive one of the conditions covered. There are
These illnesses tend to be originally covered under the policy but if you have had treatment before taking out the policy then you may find that you are not covered. If you are not sure
The need for life and serious illness cover is influenced by your personal circumstances. Your personal circumstances will influence whether life and serious illness cover is right for you. These include: Your income. If you
How much critical illness cover do you need? The cost of your mortgage or rent How much you need to cover your financial commitments, such as rent, bills and other debt repayments Your lifestyle and
Critical illness insurance is an extra layer of protection. Critical illness insurance is a type of supplemental insurance that pays out a lump sum if you are diagnosed with a covered illness, such as a