Critical Illness Insurance
Critical Illness Insurance is very simple cover that provides a tax free lump sum payment should the insured person be diagnosed with a specified critical illness, e.g. cancer, heart disease and many other serious illnesses.
Critical Illness Insurance can be either arranged on it’s own or attached to other forms of assurance, such as mortgage life cover or family protection cover. It can also be on a joint or single life basis. If you are a single person you are very vulnerable in financial terms because contracting a critical illness could lead you into having low or no income for a long period of time.
