What is Critical Illness with Life Cover

Critical Illness with Life Cover can provide a money sum to help you and your family financially for those who have been diagnosed having a terminal illness or specified crucial illness within the policy term. The benefit amount could be level, rising or decreasing.

The policy will finish if we pay out the benefit quantity. If this amount has not been paid out by the endof the term, the policy will finish and you‘ll get nothing back. The policy has no cash-in value. The premiums you pay for this benefit are reviewable each and every five years and can change. See the Key Features of Critical Illness with Life Cover for more info.

Why will I ever want Critical Illness Cover?

With medical advances meaning that lots of significant illnesses not proving fatal, they can nonetheless have a major impact on your life and on your capability to earn a living.

Critical Illness Cover could help reduce the financial impact of a essential illness by helping with practicalities such as helping with your mortgage and helping to pay any bills, permitting you the time to recover.

Dr Marius Barnard pioneered the notion of critical illness cover. In the 40th anniversary of the first heart transplant, he talked about his work as a pioneering heart surgeon and how he created critical illness cover. 

How does Crucial Illness with Life Cover work?

Each month, you spend an quantity for the period you’ve chosen to become covered for. Your monthly payment is called a premium and also the period you are covered for is known as the term.

The policy will end if we pay out the benefit amount. The benefit quantity is the cash sum that you are covered for. If this amount has not been paid out by the finish of the term, the policy will finish and you’ll get absolutely nothing back. The policy has no cash-in value. 

Also, in the event you do not pay your premiums in time your cover will quit, your benefit will end, and you’ll get nothing back.

Full details on how Essential Illness Cover with Life Cover functions are given inside the Policy Provisions. A difficult copy is also accessible on request.