Serious Illness Cover (or Critical Illness) is a protection policy that pays a lump sum amount should the life assured be diagnosed with an illness as specified under the policy.
The type of cover provides financial support where the life assured and their family do not need the additional stress of worrying about money at such a difficult time.
Investor Care has agencies with all of the major life companies and can provide you with the best price and most suitable Serious Illness Cover available on the market.
Unfortunately, as we get older, the risks of serious illness including cancer are a reality. Serious Illness Cover can be taken out as a separate policy or it can be incorporated into a life assurance policy with two additional options to choose from, either:
On an Accelerated Basis which means that a payment of a claim under the critical illness cover reduces the balance of the life cover remaining on the policy; or
Additional Basis where even if there is a claim on the amount of the Critical Illness element of the policy, this will not affect the amount of life cover available under the policy. It is a type of stand-alone policy within the life assurance policy. Investor Care will simplify the process and we will take the time so that you are clear as to what your options are to determine the most appropriate cover for you.
Contact us - we would be pleased to explain how these policies work, whether they are appropriate to you and how they compare to Income Protection policies and other forms of life assurance.
Contact us today to let us start taking care of you.