Hot Topics

What decisions will you have to make before you can get a quotation?: You will have to make four decisions:
Can You Include Your Partner On Your Critical Illness Policy?: Yes, as with Life insurance, Critical Illness policies can insure one or two lives.
Are Critical Illnesses In Pregnancy Covered?: Pregnancy does not affect any claim under critical illness insurance. It would be hard to make a case that pregnancy was a ‘self-inflicted injury’!
Are future children included on a Critical Illness policy?: All natural, step and legally adopted children are insured under a Critical Illness policy so long as they are aged between 1 and 18 years (although some companies only consider children from aged 3).
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.

Will a claim for critical illness affect any State Benefits?

No, it should not affect your claim for State Benefits.

There are a number of State Benefits obtainable if you are sick or disabled and some of these may apply if you are off work as a result of a critical illness.

The allowances concerned are Statutory Sick Pay, Incapacity Benefit, Disability Living Allowance or Severe Disablement Allowance. (From time to time the Government changes these benefits so please double check this information with your local Benefits Office.)

Currently, none of these benefits are means tested. Therefore, they will not be affected by your receipt of a lump sum from your insurer.

If you have a partner who is a carer (or may become a carer as a result of your illness) they may also be entitled to a Carers allowance. At the moment this allowance is only paid if their income is below £77 per week (2003/04)

Remember, all lump sum payouts from a critical Illness policy are tax-free.

Frequently Asked Questions related to the above topic.
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Hot Topics

Will a claim for critical illness affect any State Benefits?

No, it should not affect your claim for State Benefits.

Frequently Asked Questions related to the above topic. Click below if you wish to read them: -

Frequently Asked Questions related to the above topic.
Click below if you wish to read them: -