What is cheap life and critical illness cover?

Cheap life and critical illness cover is a form of life insurance and critical illness insurance all combined into one cheaper insurance policy, and provides complete peace of mind for those worrying about what will happen to their families finances should something happen to them.

Cheap life and critical illness cover provides customers with two very important insurance products in one package which is cheaper than paying for both individual insurance policies separately.

How does cheap life and critical illness cover work?

When you take out a cheap life and critical illness cover policy, you will pay a monthly premium for the duration of the policy, which in return will provide you with cheap life and critical illness cover. If you were to die, then the life insurance aspect of the cheap life and critical illness cover would kick in, and your family will be paid a huge lump sum payment, which they can use to pay off their mortgage, and to get back on their feet.

If a customer was diagnosed with a critical illness, then the critical illness insurance aspect of the cheap life and critical illness cover will kick in, and assuming the customer survives the survival period after first diagnosis, then the customer will be paid a tax free lump sum payment, which can be used to replace lost pay, to pay for private medical care, or to make changes to the home to help live with the critical illness.

The survival period is common with all critical illness insurance policies, and varies in length from insurer to insurer. Generally it is around 28 days from first diagnosis of the illness. If a customer was to die during that survival period, their family will still receive the life insurance payment anyway.

Why do I need cheap life and critical illness cover?

There are many reasons to take out cheap life and critical illness cover but the most important is simply because it will help you look after your financial responsibilities, even after you are gone, or if you are too ill to do so yourself.

Customers who take out cheap life and critical illness cover will guarantee a payout that will help them pay off their mortgage, if the worst happens, guaranteeing their family somewhere to live.