What does Specified Illness cover do?
A Serious Illness policy pays out a tax-free lump sum if you are diagnosed with one of the specific illnesses covered under the policy. It is important to be aware that this is a once-off lump sum, not an ongoing income.
The illnesses covered vary from provider to provider, so you should check what illnesses are covered before you take out cover. We will explain to you the differences between each provider’s offering and explain to you any restrictions, conditions, and exclusions that may apply, and make sure that you have a policy that suits you and that you fully understand.
A Serious Illness Insurance plan can be taken out as a Single, Joint or Dual life policy.
It can also be index linked in order to make it inflation proof. In other words, your level of Serious Illness Cover increases every year as does your premium to keep pace with inflation. The cost of your Serious Illness Insurance cover will depend on your age, health, smoker status, how much cover you might need and for what period time you need that cover.
At One Life we will search the leading insurers in order to provide you with the best possible level of cover at the most affordable premium.