Critical illness cover

• No minimum amount of cover. Driven by minimum premium

£4,000 a month if Family and Personal Income Plan is chosen

For all other options, the maximum amount of cover will depend on your client’s Total and Permanent Disability definition:

• £3 million if Specified Work Tasks
• £2 million if Own Occupation

The following cover is available:

• Level cover
• Increasing cover
• Decreasing cover (not available with Family and Personal Income Plan (FPIP) 

• Life Insurance (level cover) and Increasing Life Insurance with Critical Illness Cover or Critical Illness Extra: 2 years
• All other options require a minimum term of 5 years.

• 50 years

• 18 years old. It is possible for a life of another policy to be taken on a 17-year-old by an adult with insurable interest. This policy can then be placed in an Absolute Trust with the 17-year-old as the beneficiary
• Minimum age at the end of the policy is 29 years old

• Life Insurance (level cover) and Increasing Life Insurance with Critical Illness Cover or Critical Illness Extra: 67 years
• All other options: 64 years.
• Policy must end by client’s 75th birthday

• Choice of guaranteed or reviewable depending on the type of cover. Please see Policy Summary for more information.

• The cover is paid when the first life insured is diagnosed with a specified critical illness, dies or is diagnosed with a terminal illness (and our Medical Officer has confirmed the illness is expected to lead to death within 12 months) – whichever occurs first

• Policies can be placed in trust

• The policy will be cancelled if the life insured dies within the first year of holding the policy as a result of suicide or intentional and serious self-injury or an event where, in our reasonable opinion, the life insured took their own life

• Covers the conditions listed under Critical Illness Cover

• Covers the conditions listed under Critical Illness Cover and Critical Illness Extra
• Intermediary exclusive

• Covers the additional payment conditions listed under Critical Illness Cover which pays 25% of cover up to £25,000
• For FPIP, we’ll pay out 25% of the chosen monthly benefit times the remaining length of the policy up to a maximum of £25,000 for a valid claim

• Covers the additional payment conditions listed under Critical Illness Extra which pays 50% of cover up to £35,000
• For FPIP, we’ll pay out 50% of the chosen monthly benefit times the remaining length of the policy up to a maximum of £30,000 for a valid claim

• Included as standard
• Full payment and additional payment conditions which pays 50% of cover up to £25,000 (original amount of cover if decreasing cover is chosen)
• For FPIP, we’ll pay out 60 times the amount of the monthly benefit up to a maximum of £25,000 for a valid claim
• Children are covered for all the conditions listed under Critical Illness Cover except Total and Permanent Disability

• Can be included for an additional cost
• Covers the additional payment conditions listed under Critical Illness Extra which pays 50% of cover up to £40,000
• Children are covered for all conditions listed under Critical Illness Cover, Critical Illness Extra and Additional Illnesses for Children’s Critical Illness Extra (except Total and Permanent Disability)
• For FPIP, we’ll pay out 60 times the amount of the monthly benefit up to a maximum of £40,000 for a valid claim
• Adviser exclusive

• Included

• Included
• Download Accidental Death Benefit cover certificate PDF size: 78KB

• Can increase cover on certain specified events, without need for further medical evidence
• Eligibility criteria and restrictions apply

• Your client can request to make other changes to their policy, but this may result in a new policy being set up

• Can be requested unless a claim has been accepted

• Can be included for an additional cost
• Must end by client’s 70th birthday

• On request
• Download Immediate Cover certificate PDF size: 103KB

• Access included as standard. Service provided by RedArc Assured Limited

• Optional benefit for an additional cost

• Automatically included for all policies with a term of two years or more

• Optional. Can be included for an additional cost. Eligibility criteria and restrictions apply.