Critical Illness
Thanks to improved health care, you are more likely to survive a serious medical condition than ever before. However, you may have to adjust your lifestyle to suit your new circumstances. Critical Illness Cover can enable you to receive a cash lump sum on the diagnosis of a qualifying illness, minimising financial hardship and stress within your family.
Did you know...
- Over 50% of all critical illness claims made in 2007 relate to cancer.
- - The most common age of a claimant in 2007 was 45 and 71% of all claimants are aged 50 or under.
- - Around 8000 women under 50 are diagnosed with breast cancer each year in the UK.
- - The most common cause of cancer for men aged between 20-39 is testicular cancer.
Please note that not all forms of cancer are covered by these policies. Source for these statistics were from claims paid by Legal and General Group plc.
As always one has to be very careful in comparing different policies as it is not possible to do so purely on price. The conditions covered and the basis in which they are interpreted often vary between insurance companies. The following is the terms offered by one major insurer and is not necessarily typical:
Alzheimer's Disease - resulting in permanent symptoms
Aorta Graft Surgery - requiring surgical replacement
Aplastic Anaemia - with permanent bone marrow failure
Bacterial Meningitis - resulting in permanent symptoms
Benign Brain Tumour - resulting in permanent symptoms
Blindness - permanent and irreversible
Cancer - excluding less advanced cases
Cardiomyopathy - of specified severity
Coma - resulting in permanent symptoms
Coronary Artery By-Pass Grafts - with surgery to divide the breastbone
Creutzfeldt-Jakob Disease (CJD) - resulting in permanent symptoms
Deafness - permanent and irreversible
Dementia - resulting in permanent symptoms
Encephalitis - resulting in permanent symptoms
Heart Attack - of specified severity
Heart Valve Replacement or Repair - with surgery to divide the breastbone
HIV infection - caught from a blood transfusion, physical assault or accident at work
Kidney failure -requiring dialysis
Liver failure - of advanced stage
Loss of hands or feet - permanent physical severance
Loss of Speech - permanent and irreversible
Major Organ Transplant
Motor Neurone Disease - resulting in permanent symptoms
Multiple Sclerosis - with persisting symptoms
Paralysis of limbs - total and irreversible
Parkinson's Disease - resulting in permanent symptoms
Primary Pulmonary Hypertension - of specified severity
Progressive Supranuclear Palsy - resulting in permanent symptoms
Respiratory failure - of advanced stage
Stroke - resulting in permanent symptoms
Systemic Lupus Erythematosus - with severe complications
Terminal Illness
Third Degree Burns - covering 20% of the body's surface area
Total and Permanent Disability
Traumatic head injury - resulting in permanent symptoms
As always it is essential to have Independent financial advice when considering any financial product as cost is not the only or main criteria, so
contact us for a friendly discussion.