Critical illness insurance is a type of cover you can take out in order to ensure that your dependents are paid a lump sum of money in the event that you are diagnosed with a life-threatening illness which is included within your policy.
The majority of providers will attach at least 40 diseases to their critical illness policies, though the illnesses included in a certain cover will range across the market. Critical illness cover can be a hugely useful way of ensuring that your family receives the immediate financial support it would need to meet its payments for living essentials, should you suddenly acquire an ailment and be unable to earn your monthly income.
However, critical illness insurance can often be an expensive acquisition, both on its own and in addition to your life insurance premiums, and as such it is important that you take into consideration a number of factors before making your final decision about whether to start paying for it.
For advice on how to select the best policy for your individual situation, fill out our quick and easy quote form and we will introduce you to advisor who can provide you with a comparison of the best policies available to you.