Serious and Critical Illness Insurance

Have you ever wondered what will happen if you are suddenly taken ill? How would everyday expenses such as mortgages, medications and other household expenses be taken care of

Critical illness insurance policy can give you a safety blanket and peace of mind knowing that if anything bad happens to you, your family will be protected.

Critical illness cover is a form of insurance which pays out a tax-free lump sum in the event that you are diagnosed with a specified illness or medical condition during the term of the policy.

Examples of critical illnesses that might be covered include:

  • Heart attack
  • stroke
  • certain types and stages of cancer
  • conditions such as multiple sclerosis

But be aware that not all conditions are covered and a policy will also state how serious the condition must be.

Most policies will also consider permanent disabilities as a result of injury or illness. It only pays out once and then the policy ends. Some policies will make a smaller payment for less severe conditions, or if one of your children has one of the specified conditions.

Some serious illnesses might not be covered, for example, some cancers and conditions not listed in the policy.

You probably won’t be covered for health problems you knew you had before you took out the insurance, and this type of insurance does not pay out if you die.

What’s covered and what is not will be set out in the policy details, so make sure you’re fully aware of them and that they cover your needs.

Mortgage Services Cookstown Limited of County Tyrone, has over 30 years’ worth of experience in the insurance business and can explain in detail about the various options that are available to you. We can help you select the correct long-term critical illness insurance that covers a wide range of illnesses to give you and your loved ones total peace of mind

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