Policy Types

You can take out a Critical Illness insurance policy as a 'stand alone' product, taken out by itself. Alternatively, it may be added to a life assurance policy, which will offer you a way of receiving a lump sum not just on death, but also on diagnosis of critical illness, which has the same effect as death on your ability to support your dependents.

The premiums for a critical illness insurance policy are determined by factors such as:

• the level or cover you require
• your age
• your family history (most critical illnesses are hereditary)
• whether or not you smoke