Critical illness – check what is covered
A critical illness policy can be taken out on its own or in combination with a life insurance policy. Indeed, some life insurance products come with critical illness cover built in, but if you want the cover as a standalone product, it’s easy to find.
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What is critical illness cover?
A critical illness policy covers you in the event that you contract a serious illness which prevents you from working and may mean that you have to adjust your home or your car in order to live comfortably. The policy will pay out once the necessary paperwork, including relevant medical opinions and certificates have been received. Depending on the type of critical illness policy you take out, you may be paid a lump-sum, or you may be paid in instalments – it’s worth checking what options are available to you before you choose a policy.
You should always check which types of critical illness are covered by your policy, as these can vary from one company to another – and you should also check their rules on existing conditions and family history. Critical illnesses that are often covered include:
Critical Illness Conditions - Cover your finances
Your critical illness cover will usually give you a full list of those conditions covered by the policy, so that it is very clear which conditions are included and which are excluded. Should you be unfortunate and suffer from one of the conditions, the payment from your critical illness cover could help to cover your general finances, and could also help to pay for alterations to your home so that you can get around more easily. As with most insurance policies, if you remain fit and healthy to the end of the policy term, no benefit will be received.
Jump Money is a specialist in life insurance and is happy to answer any questions you may have related to critical illness, life insurance, life assurance, term assurance and life cover. The company will strive to fit an insurance package to the exact criteria you need in order to help you avoid buying products you do not need as well as helping you fully understand your purchase. To find out more about how Jump Money can help you protect yourself and your belongings call now on 0845 8516262 or fill in an online quote form today.
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