What is UK life and online critical illness insurance?

UK life and online critical illness insurance provides customers with a combination of life insurance and critical illness cover, combined in one policy. By buying a combined UK life and online critical illness insurance policy, customers often save money over buying life insurance and critical illness cover separately.

The life insurance element of a UK life and online critical illness insurance provides customers with an insurance policy that will pay their family a tax free lump sum if the customer loses their life during the term of the policy. The critical illness cover element of a UK life and online critical illness insurance policy provides customers with an insurance policy which will pay the customer a lump sum payment if the customer is diagnosed with a critical illness and survives the survival period during the term of the policy.

The survival period varies in length from UK life and online critical illness insurance provider to UK life and online critical illness insurance provider, but is the period of time from first diagnosis that a customer must survive to be able to make a claim, and is typically around 28 days.

Why should I take out UK life and online critical illness insurance?

There are many different reasons to take out UK life and online critical illness insurance, but the underlying fact that is provides a customer with peace of mind that their financial responsibilities will be looked after should the worst happen remains its biggest selling point.

The life insurance element of UK life and online critical illness insurance provides customers families with a lump sum payment, which is usually used to pay off the mortgage and to pay the household bills while the family find their way back on their feet.

The critical illness element of a UK life and online critical illness insurance policy provides the customer with the financial security to not worry about money while they are ill, even if they are off beyond their sick pay running out as the money from the UK life and online critical illness insurance payout will make up for the lost income as a result of the illness.