What is UK life and online critical illness cover?
UK life and online critical illness cover provides customers with a combined policy which features life insurance and critical illness insurance in one. Many customers find that buying UK life and online critical illness cover as a combined policy is cheaper than purchasing the two different types of insurance separately.
What does UK life and online critical illness cover provide me with cover for?
A UK life and online critical illness cover policy includes both life insurance and critical illness cover. The life insurance element of UK life and online critical illness cover provides a customer with an insurance policy that will pay out a lump sum payment to a customer’s family, in the event of that customer’s death. The critical illness cover element of a UK life and online critical illness cover policy will pay out a tax free lump sum payment to a customer who is diagnosed with a critical illness from the insurance company’s critical illness list, and who lives through the survival period. The list of critical illnesses for each company will vary, as will the survival period, which is the length of time from first diagnosis that a customer must live to be able to make a UK life and online critical illness cover claim.
There are usually around 30 different critical illnesses on a typical insurance companies list, although some insurers will cover more, with differing levels of payout for each of those illnesses.
Why do I need UK life and online critical illness cover?
UK life and online critical illness cover provides you with financial peace of mind. Should the worst happen to you, and you be unable to work through serious illness or death, you at least know that your family finances will be looked after by your UK life and online critical illness cover payout.
Those who lose their life will know that the life insurance element of their UK life and online critical illness cover policy will pay out a lump sum big enough to pay off the remainder of your mortgage, and to give your family enough money to pay household bills until they find a way back onto their feet.
A UK life and online critical illness cover policy is typically offered over the term of a mortgage, protecting you financially when you need it the most.
