Many families, understandably, can confuse terminal & critical illness protection(s) but they are very different.
A terminal illness claim would be payable if we are diagnosed with "any" condition which will result in the insured passing (usually within 12 months)
whilst
A critical illness claim would be paid if a critical illness on the plan is diagnosed meeting the severity of that provider - no matter if we will pass or not
We have written the info as we feel that many families think they have critical illness protection when actually is only life insurance.
The key to understanding this is knowing what illnesses and severities are covered and how those protections related to the protection of today. Golden Rock Solutions gives FREE advice to support families and businesses around life insurance, critical illness and income protection. Please get in contact for more information and support
