Life and Critical Illness Cover
Protect What Matters Most To You
Life and Critical Illness Cover offers financial security when you and your loved ones need it most. This type of insurance provides a lump sum payout if you pass away or are diagnosed with a critical illness covered by your policy. It ensures your family can manage expenses like mortgage payments, household bills, or childcare during challenging times.
What Is Life and Critical Illness Cover?
Life and Critical Illness Cover is a combined policy designed to give you peace of mind. It covers:
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Life Insurance: A payout to your family or beneficiaries if you pass away during the term of the policy.
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Critical Illness Insurance: A lump sum payment if you are diagnosed with a serious illness, such as cancer, a heart attack, or a stroke (conditions vary by provider).
This policy helps safeguard your financial stability, ensuring you or your family can focus on recovery and moving forward without financial strain.
As with all insurance policies, conditions and exclusions will apply.
How Much Does Life and Critical Illness Cover Cost?
The cost of Life and Critical Illness Cover varies based on several factors, including:
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Your Age: Younger individuals generally pay lower premiums.
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Health and Lifestyle: Non-smokers and those in good health typically pay less.
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Policy Amount and Term: Higher coverage amounts and longer terms increase premiums.
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Additional Features: Optional add-ons, such as children’s critical illness cover, may raise the cost.
Do I Need Life and Critical Illness Cover?
This cover is essential if you want to:
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Protect Your Family: Ensure your loved ones are financially secure if the unexpected happens.
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Cover Your Mortgage: A payout can help settle your mortgage, preventing your family from losing their home.
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Safeguard Your Income: If you’re unable to work due to a critical illness, this cover can supplement your income.
For comprehensive protection, consider pairing Life and Critical Illness Cover with other policies such as Income Protection Cover, which provides regular payments if you’re unable to work due to illness or injury, and Buildings and Contents Insurance, which protects your home and belongings.
