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Insurance FAQ's What is Critical Illness cover?
Insurance FAQ's What is Critical Illness cover?
Insurance FAQ's
| What is Critical Illness cover? |
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Critical Illness Insurance, also know as Trauma Cover provides a lump sum benefit on the occurrence of a specific illness or injury. Benefit payments are made by Critical Illness policies, regardless of the Life Insured’s ability to work. The funds can be used for any purpose the Policy Owner chooses, whether for the reduction of debts, to seek specialist or alternative medical treatment, or make lifestyle changes (such as reducing working hours). Major illnesses which are covered under Critical Illness policies generally include (but are not limited to): Cancer; Stroke; and Heart conditions. You must be between the ages of 16 and 55 to apply for Critical Illness cover and it is guaranteed renewable to age 70. |
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Associated Financial Planners Pty Ltd (the authorising licensee) or any related companies will not be held responsible for the merits of this advice to your circumstances.
Readers should only act on information after having received professional advice appropriate to their personal circumstances. Read Full Disclaimer
Associated Financial Planners Pty Ltd (the authorising licensee) or any related companies will not be held responsible for the merits of this advice to your circumstances.
Readers should only act on information after having received professional advice appropriate to their personal circumstances. Read Full Disclaimer