What’s the difference between Life Insurance & Critical Illness Cover?
Critical Illness cover again is an Insurance to protect you and your loved ones financially in the unfortunate event of being diagnosed with a Critical Illness.
In this unfortunate situation the policy would provide a Tax-Free Lump sum payment upon diagnosis, meaning that you can focus purely on getting better without having to worry about finances or the costs of everyday living whilst not receiving an income.
As with most Insurances, there are various forms of cover including an additional Children’s Critical Illness cover that can usually be added to a policy. Bearing in mind providers may have different sets of criteria it is always worth seeking advice before making any commitments.
To find out more regarding Critical Illness Cover, please get in contact today.