Do I Need Critical Illness Insurance?
Not everyone requires Critical Illness insurance. You should consider Critical Illness insurance if you would like a lump sum to be paid out if you are diagnosed with a defined critical illness within the term of the policy, this can help provide financial security for your family. A Critical Illness Insurance policy can be used to protect a mortgage to ensure that the balance can be repaid should you suffer a critical illness within the term.
What is Critical Illness Insurance?
A Critical Illness insurance policy will pay the cover amount if the person insured is diagnosed with a defined critical illness within the term of the policy. You will typically pay monthly insurance premiums for the cover.
You can select the level of cover and how long the policy will run for. You will only be covered until the end of the policy term.
How do I Apply?
To apply for insurance the insurer will require you to complete an insurance application form which will ask questions about your medical history, smoker status. If they need any further information they may also request a medical report from your doctor. The process is normally very straightforward!
To find out more about insurance and to make an application contact us today. We will advise you on the best options for your circumstances and assist you in completing your application forms from start to finish.