independent insurance for career people
Critical Illness
How does it compare to Life Insurance?
A life insurance policy will only pay out a benefit should the policyholder die (or, with some policies, if you are terminally ill and are going to die within 12 months).
Critical illness cover will pay a benefit should the policyholder be diagnosed with any number of different serious illnesses or become permanently and totally disabled.
The cost of life insurance is based upon how likely you are to die during the term of the policy whereas critical illness insurance is based upon how likely you are to suffer one of the stated critical illnesses during the term. You are also able to organise life insurance cover with a critical illness extension.
In most cases you are more likely to suffer a critical illness than to die during a set number of years (dependent on your age) and therefore the cost of critical illness insurance is usually higher than that of life insurance.
When purchasing a critical illness policy a lot of people take out a policy that includes life insurance as well meaning that it will pay a lump sum benefit on either the death of the policyholder, them suffering a critical illness or becoming permanently and totally disabled.
Daai Financial Independent Tailoring are able to help guide you through the best critical illness cover options available to you and can discuss at further length about the benefits and differences between life insurance and critical illness cover. We are able to look at products from every company within the UK marketplace.
Our critical illness policy comparison service is free (unless you opt to pay a fee for our advice). Unlike many other Financial companies and brokers our staff are paid a salary, not commission on the products that they sell, meaning they we act truly independent across the critical illness marketplace to try to get you the best and most appropriate deal for your needs.
Comparing critical illness assurance with us means that you will have access to the entire UK critical illness assurance marketplace. All you need to do is complete our online quote form by click on the Get a Quote button above.
Daai Insurance Services Limited is authorised and regulated by the Financial Services Authority. This can be checked on the FSA Register by visiting its web site at www.fsa.gov.uk/register.
Daai Insurance Services Limited. Company No: 856706 registered in England at Shurdington Road, Cheltenham Spa, Gloucestershire GL51 4UE.