Critical illness insurance pays a lump sum on initial diagnosis of a qualifying critical illness. When you make a claim you are allowed to keep the policy pay-out even if you make a full recovery.
It can be built into another life insurance policy on a level term, decreasing term (mortgage life insurance) family income benefit (pays a monthly amount) or as a stand alone critical illness policy. Once you have made a critical illness claim it is normal that you policy will cease and other benefits will therefore cease.
Critical illness protection policies vary but nearly always include the following illnesses;
heart attack, cancer, a stroke, kidney failure, coronary bypass or transplant
The types and range of critical illnesses covered vary from company to company, asĀ do the policies themselves and there are several types of policy from standalone policies linked to life insurance and payment protections policies.
Radical Financial Services have the expertise to guide you to the policy that fits your personal and business needs with Impartial, Independant advice.
Henry will be more than Happy to discuss your requirements with no obilgation, Please call us on 01384 566 588 or e-mail us at info@radicalfs.co.uk