Posts Tagged ‘ critical illness insurance ’
Critical Illness Cover (CIC) pays out the total sum insured, which is not taxed, if you are identified with a life-threatening complaint which renders you incapable of working. Insurers are identifying that while life protection claims are falling, they are having to pay out on more and more claims on CIC policies. The consequence of this [ READ MORE ]
Summary The compensations provided by life insurance policies are balanced with the benefits of critical illness insurance cover. The arguments for taking out critical illness insurance cover. Think about this scenario ‘If illness prevented you from working could you afford to pay your monthly commitments?’ A lot of us would say ‘No’. So clearly we need to [ READ MORE ]