Critical illness is an insurance policy that would pay you a tax-free lump sum if you were diagnosed with a serious illness such as cancer, a heart attack, Parkinson’s disease or multiple sclerosis. Some policies will cover other illnesses such as organ failure, paralysis and Alzheimer’s disease.
The cover is designed to protect you and your family if you were unable to work for an extended period of time. It’s worth considering if you have anyone depending on you to pay the bills. Our advisers can help to find the right cover for you.