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Critical illness cover
This is an insurance policy that will pay out if you are diagnosed with one of the specified medical conditions listed in the policy during the insured period. Not all conditions are covered and the policy will often state how serious the condition must be in order for it to pay out. The policy will pay a lump sum and ends after it has paid out. It is commonly used to pay off a mortgage if you are diagnosed with one of the qualifying critical illnesses.
For more information and to discuss your requirements, get in touch with us.