CRITICAL ILLNESS COVER
What is Critical Illness Cover?
Critical Illness Cover is a protection policy that pays out a tax-free lump sum if you are diagnosed with a serious medical condition listed in the policy. This payout can help ease the financial pressure while you focus on treatment and recovery.
Why is Critical Illness Cover Important?
A critical illness can affect anyone at any time and may stop you from working for an extended period.
This cover helps you:
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Replace lost income while you're unable to work
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Cover mortgage or rent payments
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Pay for private medical treatment or rehabilitation
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Adapt your home or lifestyle if needed
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Maintain your family's standard of living during a difficult time
Who Should Consider Critical Illness Cover?
Critical Illness Cover is worth considering if you:
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Have a mortgage or other significant financial commitments
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Have children or dependents who rely on your income
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Are self-employed or don’t have access to employee sick pay
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Want peace of mind that you’ll be financially supported during a health crisis
How Does It Work?
You choose your level of cover and policy term
Pay a monthly premium to keep the policy in place
If you’re diagnosed with a condition covered by the policy (e.g. cancer, heart attack, stroke), you receive a lump sum payout
The money is yours to use however you need, with no restrictions
What Conditions Are Covered?
Each insurer’s list varies, but commonly covered illnesses include:
Cancer (of a specified severity)
Heart attack
Stroke
Multiple sclerosis
Major organ transplant
Kidney failure
Certain neurological conditions
Some policies also include children’s critical illness cover as a standard benefit.
Key Benefits of Critical Illness Cover
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Provides financial support at a time of serious illness
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Helps you cover bills, debts, and medical costs
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Allows you to focus on recovery without money worries
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Can be added to life insurance for comprehensive protection
HOW CAN WE HELP?
Our customisable insurance packages are designed with your specific needs in mind, ensuring that you are correctly covered. They include Personal Life, Critical Illness, Income Protection and more.
Plus, we're here to walk you through the entire process, ensuring that all your requirements are met and you have peace of mind knowing you are protected.
WHY CHOOSE COVERLIFE INSURANCE?
Our team of professionals have years of experience in the industry and can guide you every step of the way. We believe in providing quality advice and ensuring our clients have the right cover at the right price. So, whether you’re just starting out or looking to expand your business, trust CoverLife to provide you with the best possible insurance solutions.
Income Protection
Income Protection is a policy designed to pay you a regular monthly income if you’re unable to work due to illness or injury. It ensures your essential bills and living costs are covered while you recover.
Unlike statutory sick pay or short-term support, Income Protection can provide cover until you return to work, retire, or reach the end of your policy term – whichever comes first.
