Critical Illnes life cover plans compared Have you taken care of the worst case scenario?

posted 14 Aug 2009 critical illness insurance

What is the difference between the Critical and Terminal Illness life insurance?

If you are diagnosed with terminal illness, which means that qualified doctors estimate that your life expectancy is less than 12 months, than insurer will arrange that your assured cash sum is paid out early to help you and your loved ones through difficult times.

From the point of view of the insured person there is not much difference. The both conditions require the insured person to obtain a medical certificate confirming his or her condition. In the case of terminal illness, there can be a grace period of 31 days and the insured is required to continue payment of the monthly premiums. If for whatever reason the assured sum doesn't get paid upon Terminal illness request, that does not prejudice any subsequent death claim.

Read full article

FREE Quote

Provide your family with peace of mind.

Visitor comments Back to top

Leave a comment Back to top

  • email a copy to yourself

    Please submit all the required input fields Required.

D I S C L A I M E R is not authorised to give advice under the Financial Services and Markets Act 2000. As no part of this site contains any advice, you need to personaly contact individual insurer
and get the relevant advice about particular insurance products directly from them. Please, make sure that you are satisfied with Terms & Conditions of this site before you start using it.