What is terminal illness cover? - Protected.co.uk

For more information visit: http://www.protected.co.uk/


What is terminal illness cover?
Terminal illness cover is designed to pay out the sum assured if the policy holder is diagnosed with a terminal illness.
A terminal illness is classed as a condition with no known cure, or is past the point at which a cure can be used, and is expected to cause death within 12 months.
How does it work?
Once you’ve put in a claim for your terminal illness cover, the diagnosis by your doctor will be verified by your insurer, and your policy examined, and if genuine, your policy will pay out the sum assured
How is it different to critical illness cover?
Terminal illness cover will pay out upon diagnosis of an incurable illness, when the policy holder is given 12 months or less to survive.
Critical illness cover pays out when the policy holder is diagnosed with a critical illness or disease covered by their insurer.

Will a terminal illness policy always pay out?
Cover is not usually available in term life policies if you are diagnosed in the last 12 months of your policy.
If your insurance company has paid out on your terminal illness clause, and you survive longer than 12 months after diagnosis, generally you will not be required to return the pay out.
If you have a joint policy, held with your spouse for example, insurance companies will normally only pay out once. This means that the policy will be closed when your partner claims, and it will be necessary to take out a new plan.

Тэги:

#family_protection #protect_my_family #compare_life_insurance #compare_life_insurance_online #critical_vs_terminal_illness #terminal_illness_cover #term_life_insurance #critical_illness_cover #Terminal_Illness_(Cause_Of_Death) #Health_(Industry)

Скачать видео