A QUICK INTRODUCTION
Legal and General who offer a variety of insurance products including the critical illness policy.
Making a step to grab an insurance cover needs a sound choice since the outcome normally affects the nominees or the family and loved ones in case the worst happens.
Looking at the Critical Illness cover from L&G; it can be combined with Life insurance cover as well as the Decreasing Life Insurance (Mortgage insurance) at an additional price.
PREMIUMS REGARDING CIC EXPLAINED
The premiums for the critical illness cover can be remitted on a monthly or annual basis.
Failure to remit the agreed contributions- either done monthly or annually- Legal and General can go ahead to cancel your coverage if zero monthly or annual contributions are not remitted in 30 days as per the policy definition.
When the policy cancellation happens, your protection ends and no additional policy contributions can be made. NB: Already paid policy contributions cannot be refunded by L&G.
L&G POLICY BOOKLET FAQs
WHO QUALIFIES FOR A CRITICAL ILLNESS PLAN?
Anyone who is a United Kingdom citizen between 18 and 67 years of age, is eligible for an application for Critical Illness coverage. If applying with Legal and General, bear in mind that your coverage should terminate before hitting 70 years. The maximum duration or policy term is 40 years.
WHAT ILLNESSES ARE COVERED?
Several illnesses qualify for coverage with a critical illness insurance plan. Some cancer-oriented conditions are covered, the cardiac attacks as well as stroke conditions. Regarding some cancer cases, you may qualify to successfully claim if only, you’ve got some permanent cancer symptoms.
WILL MY CHILDREN BE UNDER A PROTECTION?
Legal and General automates the Critical Illness application process and automatically, your children will enjoy the “Children Critical Illness” plan upon making a selection for a Critical Illness policy. Additionally, there are other extra plans such as the “Family Accommodation Benefit” and the “Child Care Benefit”.
We would recommend you to talk to one of our advisers for life insurance quotes.
Any quote that your adviser provides you with will take into account your circumstances, your medical history, as well as your budget!
Call 011-3733-4610 – Monday to Thursday from 11.00 to 19.00 and on Friday between 11.00 and 16.00