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What decisions will you have to make before you can get a quotation?
You will have to make four decisions:
- How long you want the policy to be in force (that’s known as the policy’s “term”)
- How much money you want to insure for (that’s known as the policy’s cover)
- Whether you want to insure simply yourself or include your partner – i.e. whether you want a Single or Joint policy
- Whether you want a Guaranteed or Reviewable policy.
Hot Topics
- Why, when you only want Critical Illness cover, should you consider combining it with Life Insurance?
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Two good reasons: You are likely to save money! And if you died within the survival period (see below), the claim would still be paid under the terms of your Life Insurance.
- Will Critical Illness policies permit the use of alternative medicines?
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After you have been diagnosed with a qualifying Critical Illness and the claim has been paid you can spend your money however you like. So if you want to spend some of your money on alternative medicines then that’s entirely your choice.
- Is there a minimum or maximum premium for critical illness cover?
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Minimum premiums vary from company to company but they can be as little as £5 per month.
- What happens if your condition improves after making a claim on your Critical Illness policy?
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Once the insurance company has paid you the money is yours to spend how you like. The policy is terminated and your insurer has no interest on how you live your life or indeed whether your condition improves or is healed.
- What happens if your condition deteriorates after making a claim on your Critical Illness policy?
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As far as your insurance is concerned, it makes no difference. Your policy has already paid out and your ex- insurer has no further interest in your health.
Here’s a Tip
Hot Topics
- Why, when you only want Critical Illness cover, should you consider combining it with Life Insurance?
- Two good reasons: You are likely to save money! And if you died within the survival period (see below), the claim would still be paid under the terms of your Life Insurance.
- Will Critical Illness policies permit the use of alternative medicines?
- After you have been diagnosed with a qualifying Critical Illness and the claim has been paid you can spend your money however you like. So if you want to spend some of your money on alternative medicines then that’s entirely your choice.
- Is there a minimum or maximum premium for critical illness cover?
- Minimum premiums vary from company to company but they can be as little as £5 per month.
- What happens if your condition improves after making a claim on your Critical Illness policy?
- Once the insurance company has paid you the money is yours to spend how you like. The policy is terminated and your insurer has no interest on how you live your life or indeed whether your condition improves or is healed.
- What happens if your condition deteriorates after making a claim on your Critical Illness policy?
- As far as your insurance is concerned, it makes no difference. Your policy has already paid out and your ex- insurer has no further interest in your health.
You may find that you can get quote for a Life Insurance policy with Critical Illness cover cheaper than just Critical Illness policy alone! That would give you far more protection and cheaper too!
Frequently Asked Questions related to the above topic.
Click below if you wish to read them: -
- How much Critical Illness cover do you need?
- How long should you insure for?
- Can you include my partner on your Critical Illness policy?
- Can You Include Your Children On A Critical Illness Policy?
- Should you have a “Guaranteed” or a “Reviewable” policy?
- What conditions are considered critical?
- Are critical illnesses in pregnancy covered?
- Can you include your partner ?
- Are future children included on a Critical Illness policy?
- What level of Critical Illness cover could your children get
- How much does Critical Illness cover cost?
- What is the difference between Critical Illness cover and Terminal Illness cover?
- What information do you need to provide to apply for a Critical Illness policy?
- Will you need a medical if you apply for a Critical Illness policy?
- Once you’ve got your quote, what’s the next step?
- What could critical illness cover be used for ?
- Can you increase or decrease your critical illness cover at a later date ?
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- Go to menu of Frequently asked Questions about Critical Illness Insurance
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