Benefits

It pays out a single tax-free lump sum on the diagnosis of one of the illnesses specified in the policy details.

The benefits of any payout can be used for any purpose, though the most common are:

• Paying off debts, such as the mortgage.
• Being able to change to a less stressful job without worrying about the drop in income.
• Adapting the house or car to accommodate a wheelchair.
• Having a good holiday to recuperate.
• Fulfil a lifetime ambition.

Critical illness cover as an option on a term assurance policy or as a separate policy will normally pay out nothing at the end of the policy term. This cover provides protection for you and your dependants should you become critically ill during the term. There is no savings or investment element and there is no cash-in value.