Critical Illness CoverCritical illness cover pays out a tax-free cash lump sum
What is Critical Illness Cover?
Critical illness cover pays out a tax-free cash lump sum if you are diagnosed with a qualifying condition listed on your policy. Conditions usually include some forms of heart attacks, cancers, strokes or kidney failure or serious procedures such as a coronary bypass or transplants.
Do I need critical illness cover?
Critical illness cover can prove invaluable if you are unfortunate enough to be diagnosed with one of the specified serious conditions listed on your policy. In these circumstances it offers the reassurance that you will receive a lump sum which can then be used to pay off the mortgage or to meet your family’s monthly outgoings while you concentrate on getting better.