Critical illness insurance pays out if the insured individual is diagnosed with a critical illness. But exactly what does critical illness cover include?

Blood pressure check - critical illness insurance from Spectrum Financial Advice Essex

Critical Illness Insurance Cover

Available as stand-alone policies or as add-ons to life insurance policies, critical illness cover is designed to help insured individuals and their families maintain reasonable financial security if the insured person develops a critical illness.

Which illnesses are covered by any given policy depends on:

  • The insuring company,
  • The selected policy and its terms and conditions and, to a certain extent,
  • The amount of money the insured person can set aside to cover the policy’s monthly premiums (for obvious reasons, the higher the amount of cover required, the higher the premiums will be).

Premiums will, by the way, also depend on:

  • Your age, weight & occupation
  • Medical history
  • Whether you are a smoker or not
  • The level of cover you require
  • The duration of the policy

The provider’s specific terms also have an effect on the cost of premiums.

What Does Critical Illness Cover Typically Include?

While covered conditions vary between insurance providers and policies, many policies offer cover for conditions including:

  • Stroke
  • Heart attack
  • Many types of cancer
  • Major Transplant Surgery
  • Kidney/liver failure
  • Heart Bypass Surgery
  • Multiple Sclerosis
  • Dementia
  • Blindness

Some policies may not cover varying less serious conditions (like, for instance, skin cancer), while others may offer cover for different/additional conditions. Others still may offer “optional extras”, like, for instance, cover for:

  • Child critical illness,
  • Total disability or
  • Total permanent disability

When looking for comparatively wide coverage when getting critical illness and/or life insurance quotes, reading relevant terms carefully is therefore essential.

Contact Spectrum Financial Advice

Whether you are looking to protect yourself and your family or to cover a key employee within your company with critical illness insurance, we here at Spectrum FA can advise you on the most suitable policy, included conditions, cover amount and premiums to meet your specific needs. Call us on 01279 315 013, use our contact form or e-mail us at: info@spectrumfa.co.uk today to learn more.