Critical Illness Insurance
Critical illness insurance pays out a lump sum if you suffer from one of a range of specified health problems.
Although critical illness insurance is sold by life assurors, it actually has nothing in common with life insurance. For a start, you don’t have to die to benefit from the critical illness insurance policy. This insurance is designed to pay out a (tax-free) lump sum in the event of you suffering from a serious illness or if you have to undergo certain types of surgery.
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