Why Take Critical Illness cover?
Critical illness cover will pay out a tax free lump sum on diagnosis of a defined critical illness. Should you suffer a serious illness you may incur a loss or reduction of income, increased child care costs and expensive medical treatments. The lump sum can give you the means to help pay for home alterations or specialist equipment, provide an income, fund specialist private treatment or fund daily expenses. Many providers will include children’s critical illness cover at no extra cost.
Related Questions
- As my policy includes life and critical illness cover, does that mean it could pay out twice, once of I get a critical illness and then again if I die?
- Can I put a life insurance policy that includes critical illness cover, in trust?
- Whats the difference between terminal illness cover and critical illness cover?
