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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
Should you have a “Guaranteed” or a “Reviewable” policy?
When a policy is first started Guaranteed policies have higher premiums than Reviewable policies - but in the longer period Reviewable policies generally work out more expensive.
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.
What level of critical illness cover could your children get?
Insurance companies normally impose a maximum limit on any claim under the policy’s provisions for children. Sometimes the limit will be lower of a percentage of your own sum assured (e.g. 25% or 50%) or a set amount (typically £15,000 or £20,000).
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.

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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