CRITICAL ILLNESS LIFE COVER COMPARISON ...

Critical Illnes life cover plans compared Have you taken care of the worst case scenario?

posted 14 Aug 2009 critical illness insurance

What do I need to look for in the critical illness life insurance policy?

Although there are other important things to consider when evaluating an insurance policy, then number of diseases covered is one of the most important "product features". Here is a partial list of providers and the number of diseases they individually cover, that could be a good starting point for your research:

Critical Illness conditions covered:
AEGON Scottish Equitable 36
AXA 34
Bright Grey 34
BUPA 39
Friends Provident 34
BUPA 39
Legal & General 34
Prudential - PruProtect 154
Scottish Provident 32
Skandia 34
Synergy Financial 28
Scottish Widows 32
Tesco Bank 34
Unum 32
Windsor Life 27
Zurich 38

Other important options on the critical illness life cover you are considering are indexation and guaranteed insurability. Indexation simply means that you will try to protect the real value of the assured payout sum from inflation by accepting that your monthly premiums rise each year by a predetermined amount.

Guaranteed insurability means that, if you for example move to a bigger house, you'll have an option to increase the sum assured in order to cover for an increase in your mortgage. It might be one very important option for you if you intend to climb up the property ladder and if your family increases and you need a bigger home.

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