Assurance Cover Critical Illness Life

Life cover that pays out before you die- often used for medical care or sheer enjoyment.

When you buy life assurance cover critical illness life cover is a bolt-on product which allows you to claim on your policy if you are diagnosed with any of a raft of illnesses- allowing you to enjoy the fruits of your policy without having to have passed away first!

Taking the decision to buy some sort of life insurance is already a sign that you’re thinking about the future. When you buy life assurance cover critical illness life cover is an add-on you might want to consider. Critical Illness insurance (it’s got lots of other names like Dread Disease cover) is of course available separately, but is usually a touch cheaper as part of a life policy, and quite simply will allow you to claim on your life policy if you suffer any of a list of diseases. Quite simply, you won’t have to die, and you could use the money to please yourself as well as your descendants.

Here’s the scary stuff: we’re four times as likely to suffer a critical illness than we are to die before 65. In the UK, every two minutes somebody has a heart attack. And victims of many diseases (such as cancer, stroke etc.) survive for many years after the onset. Critical illness policies pay out upon diagnosis, so the policy can be used for extended medical care, modifications to the home, or private treatment etc.

So clearly if you’re sensible enough to plan ahead by buying life assurance cover critical illness life insurance might just be a good addition to your agenda. It’s not right for everybody, and in some cases it might be logical to buy your CI cover as a separate policy; but at the right price it can form a useful extra layer of protection.