What is critical illness cover?
If you suffer a critical illness, it can often have a significant impact on your life. A heart attack, stroke and some types of cancer mean you may have to reduce your working hours or stop altogether. There might be lifestyle changes you need to make, including modifications to your home. All of this can have a serious effect on your finances. That’s why anyone taking out a life insurance policy should also consider adding critical illness cover for an extra cost.
If you are diagnosed with a critical illness, Critical Illness Cover could help with the financial burden on you and your family. It’s an option that can be added for an extra cost when you take out a Life Insurance or Decreasing Life Insurance policy.
Critical Illness Cover could pay out a cash sum if you’re diagnosed with, or undergo a medical procedure for, one of Legal & General’s specified critical illnesses during the length of the policy and you survive for 14 days from diagnosis. Find the full list of critical illnesses covered below or you can have a look at the policy booklet. If a valid claim is paid, the policy will end.
- Some types of cancer are not included and you need to have permanent symptoms to make a claim for some illnesses.
- This is not a savings or investment product and has no cash value unless a valid claim is made.
- If you stop paying premiums before the end of your plan, your cover will end 30 days after your missed payment.
- The policy won’t pay out in some circumstances eg if some elements of cover are restricted based on the information you provide, you’ll be told what’s excluded in your Policy Booklet under ‘What you are not covered for’.
- If you die then the cover will end for a single life policy. If you have a joint policy, when the first person dies and makes a valid claim, your Critical Illness Cover policy can continue.
Why choose Critical Illness Cover
Critical Illness Cover could pay a cash sum that could be used to help with child-care costs or household bills. It could also be used to help maintain your standard of living if you’re forced to take time off work to recover. As part of Critical Illness Cover, you’ll get:
- Protection by one of the UK’s largest life insurance providers, Legal & General
- Cover for the conditions outlined in the policy booklet
- Children’s Critical Illness Cover is included at no extra charge and provides some cover for your children. You’ll find out more in the policy summary
- Accidental Hospitalisation Benefit, which could pay out £5,000 if you’re admitted to hospital and stay for at least 28 days with a physical injury immediately following an accident (terms & conditions apply)
Before you apply
You should know that life insurance isn’t a savings or investment product and has no cash value unless a valid claim is made. It's your responsibility to make sure your policy is right for you, so if you need any advice then you should get in touch with a financial advisor. Please read the Policy Booklet and Policy Summary [PDF 113KB] before you apply.
Who needs critical illness cover?
A critical illness can affect anyone at any time and could have a devastating impact on your family. If you can’t work while undergoing treatment or recovery, a cash sum could help with the financial stress. A cash sum could supplement loss of income or could also help cover costs such as mortgage repayments, household bills, childcare costs and the daily cost of living.
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