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.

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
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.
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.
How will a critical illness claim be paid?
If you have a claim a Critical illness policy pays you a tax-free lump sum normally by cheque. Then, as soon as you receive the payment. the policy will terminate.
Will a claim for critical illness affect any State Benefits?
No, it should not affect your claim for State Benefits.
Being able to recover in comfort may mean you become healthy enough to either return to work or start employment again, perhaps in a different role. If so, that’s absolutely great!

It may be useful to remember that:

  • 1 in 5 men and 1 in 6 women will suffer a Critical Illness before their normal retirement age.
  • 78% of stroke victims survive more than a year.

Frequently Asked Questions related to the above topic.
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