Critical illness cover without the drama

FAQs for insurance quotes

• What is critical illness cover?

  Critical illness cover is a type of insurance that pays out a lump sum benefit if you are diagnosed with a covered critical illness during the policy term. This financial support can help you and your family manage the financial challenges of your illness, such as lost income, medical bills, or adapting to your new needs.

• Do I need critical illness cover?

  That depends on a few things really. If you rely on your income to support yourself or your family, and you don’t have substantial savings, then critical illness cover could be a good option. Consider your financial situation, age, health, and family circumstances before deciding.

• How much does critical illness cover cost?

  At GHL Direct, we believe expert guidance shouldn’t cost the earth. That’s why our initial consultations with our insurance advisors are always completely free, with no obligation to buy.

  The cost of critical illness cover depends on several factors, including your age, health, smoking status, and the amount of cover you choose. Generally, younger and healthier people with no risky hobbies will pay less than older people with health conditions or dangerous pastimes.

• What illnesses are covered with critical illness insurance?

  The specific illnesses covered vary depending on the policy, but common examples include:

  – Cancer
  – Heart attack
  – Stroke
  – Multiple sclerosis
  – Kidney failure
  – Blindness
  – Paralysis
  – Major organ transplant

  Your critical illness insurance adviser from GHL Direct will explain this in detail during your consultation.

• What are the benefits of critical illness cover?

  – Financial security: Provides a lump sum payment to help manage expenses during your illness.
  – Peace of mind: Knowing you and your family are financially protected can reduce stress and anxiety during a difficult time.
  – Focus on recovery: Allows you to focus on your health and well-being without worrying about finances.
  – Choice and flexibility: Choose the level of cover and premium that suits your needs and budget.

• Can I get critical illness cover if I have a pre-existing medical condition?

  Whether you can get critical illness cover with a pre-existing medical condition depends on several factors, including:

  – The severity and nature of your condition: Some insurers may be more willing to cover you if your condition is well-managed and controlled.
  – How long you’ve had the condition: If you’ve been stable and symptom-free for a certain period, your chances of getting cover may be higher.
  – The specific policy you’re applying for: Different insurers have different underwriting guidelines, so it’s important to shop around and compare policies.

  Here are some general possibilities:

  – Full cover: You may be able to get full cover with no exclusions or increased premiums, especially if your condition is minor and well-controlled.
  – Cover with exclusions: The insurer may exclude your pre-existing condition from coverage, meaning you wouldn’t be able to make a claim if your illness was related to that condition. However, you would still be covered for other covered critical illnesses.
  – Increased premiums: The insurer may agree to cover you but charge you a higher premium to reflect the increased risk.

  It’s important to be honest and upfront about your medical history when applying for critical illness cover. Failing to disclose a pre-existing condition could void your policy and prevent you from making a claim in the future.

• Whats the difference between critical illness cover and life insurance

  Critical illness cover:

  – Pays out a one-off lump sum if you are diagnosed with a covered critical illness during the policy term.
  – Covers a range of serious illnesses, typically including cancer, heart attack, stroke, and others.
  – You receive the payout while you are still alive to help manage the financial impact of your illness, such as lost income, medical bills, or adapting to your new needs.

  Life insurance:

  – Pays out a one-off lump sum to your loved ones only after your death.
  – Doesn’t matter the cause of death, as long as it’s covered under the policy.
  – Provides financial security for your family after you’re gone, helping them cover expenses like mortgage payments, education costs, or living expenses.

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