Can any one help me by explaining exactly what critical illness insurance is and what the heck is terminal illness cover

Verry Very confused

Let me know,

Phil

Phil,

The first part of your question is answered here > https://www.life-assurance-bureau.co.uk/finance-talk/life-insurance-f3/critical-not-critical-t19.html#p43

Terminal illness is a extra added benefit provided to life insurance. It pays out if the policyholder is diagnosed with a TERMINAL ILLNESS and is expected to die within 12 months.

The policy holder can not cliam within the first 6 months of the policy or within the last 12 months. It effectively brings forward a life insurance payout by up to 12 months.

More information can be found here > https://www.life-assurance-bureau.co.uk/critical-illness-cover/