Can I get life insurance with critical illness?

Yes, you can combine both life insurance and critical illness coverage. In fact, purchasing a policy with both could protect yourself and your family if the worst should happen. Become the guardian angel for your loved ones. Protect them from financial hardship in case of a critical illness diagnosis or passing.

It is never a pleasant feeling to consider being diagnosed with a critical illness or passing away unexpectedly. However, it is important to consider the impact these events would have on your loved ones. Life insurance with critical illness cover could be the answer to your worries. A potential payout for a critical illness diagnosis or unfortunate event of your passing could be provided.

What is Life Insurance?

Life Insurance could provide a lump sum payout to financially support your loved ones if you pass away within the policy terms. This could help to pay for funeral costs, debt repayments or simply maintain their standard of living whilst grieving.

The premiums you pay and lump sum amount are tailored to your unique circumstances and policy selection. Your age, smoking status, occupation, and other relevant aspects determine this.

What is Critical Illness Cover?

Critical illness cover is a type of life insurance policy that pays out if you are diagnosed with a serious illness specified within your policy terms. The tax-free payment could provide support to address your needs throughout your illness. It ensures compensation for potential income loss and facilitates necessary adjustments for you and your family to carry on with day to day life. Typically, insurers often cover strokes, heart attacks, some cancers, traumatic head injuries, and other major illnesses.

How does this differ from traditional Life Insurance?

While both life insurance and critical illness cover offer financial protection, they serve different purposes. Life Insurance provides financial protection for your loved ones in the event of your death by helping to pay funeral costs, debt repayments, and serve as a financial safety net. Individuals diagnosed with a critical illness specified within their policy terms have the opportunity to make a claim with critical illness cover. This could be for necessary medical expenses. For example, lifestyle adjustments, or replace loss of income especially if you have dependents relying on you financially.

Interested in life insurance with critical illness cover? Take your time to explore and consider your options. Make an informed decision and select the most suitable protection for your needs today.

Get started today and enter your details into our quick and easy application form to be connected with one of our expert insurers.