What is it?

A Critical Illness plan is designed to pay out a lump sum on the diagnosis of certain specified illnesses such as cancer, stroke or heart attack. It is often ‘bolted on’ to a life assurance policy as an additional benefit but can also be a standalone plan.

Who is it for?

This type of plan is designed for those individuals or families who want a lump sum, if they are diagnosed with a specified serious illness. As an example of where this lump sum could be used is to repay a loan, mortgage, or perhaps pay for time off work. The lump sum could even be used to pay for the cost of primary health care or for any necessary alterations to your home. 

The quality of cover and the illnesses covered can vary significantly between different providers. As advisors we can help you find the plan that best meets your requirements.