Critical Illness Cover

Quite often you hear ‘it could never happen to me’ or ‘I’ll sort it out later’. Well the old maxim of “failing to plan is planning to fail” is no better suited to the ignoring of crucial decisions on protection.

What is it?

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

The policy may not cover all definitions of a critical illness. For definitions of illnesses covered, please refer to the Key Features and Policy Documents that are issued to you.

Who is it for?

This type of plan is designed for those individuals or families whom want a lump sum if they are diagnosed with a 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 any necessary alterations to your home. 

The quality of cover and the illnesses covered can vary significantly between different providers.

Davidson Deem Ltd do not advise on, offer or arrange any form of Critical Illness Cover.

The plan will have no cash in value at any time and will cease at the end of the term. If premiums are not maintained then cover will lapse.

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