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.

STEP 1 of 2
Type of cover
Life Insurance       Mortgage Life Insurance
 
Cover Level (£)

Number of years
Do you want:  
Critical illness cover
Family income benefit
 

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The following might help you decide how much cover you need.
How much would you need to repay your mortgage, overdraft, loans or any credit card balances? The freedom that comes from being debt free does wonders for recovery
What other benefits can be added to a Critical Illness policy?
Life cover is a must. Then consider Waiver of Premium and Indexation.
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.
What is the difference between Critical Illness cover and Terminal Illness cover?
Critical Illness Insurance is much more comprehensive than Terminal Illness cover. 1 in 5 men and 1 in 6 women suffer a critical illness before their usual retirement age.
What information will be needed at the time of a Critical Illness claim?
For a Critical Illness claim to be successful the insurance company’s claims department will need evidence that you have been diagnosed as having one of the listed critical illnesses. This evidence will normally come from a Hospital Consultant who is a specialist in the illness which has been diagnosed.
If, regrettably, you have been diagnosed with a Critical Illness listed on your policy then this will enable your claim to be paid to you after the qualifying “survival period”*. The money will then be yours to spend however you want.

*Please be aware that under the terms of your policy, you have to survive for a minimum number of days following the diagnosis of a critical illness. This is called the “survival period”. Survival periods are typically 28 days although some insurers have reduced it to 14 days.

After a successful claim the money will be paid to you in full and tax-free; there are no deductions. This terminates the policy and so no further claims can be made.

If you are concerned about increasing your financial protection you should definitely consider Life Insurance or even an Income Protection policy to run alongside your Critical Illness plan. An Income Protection policy pays a monthly income if you are off work due to sickness, accident or unemployment. With the Income Protection policy offered by Burgesses, our Income Protection Product Partner, payments are made for up to 12 months from the date you were off work and the premiums are very reasonable.

Frequently Asked Questions related to the above topic.
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