Why get critical illness cover?

Critical illness insurance is designed to provide a lump sum, which can help to cover any expenses that may arise as a result of being diagnosed as a critical illness. The definition of a critical illness varies between insurance companies. With LV=, a critical illness is a serious illness or condition that is normally survivable, may require continuous treatment, and could result in a diminished ability to work. This might be the loss of a limb or being confined to a wheelchair. See the LV= list of critical illnesses.

Critical illness insurance 

As with life insurance, making a will and planning your funeral, it's natural to put off thinking about something you don't want to happen. But also as with life insurance, it makes sense to plan for the future.

A serious illness can have serious effects and critical illness insurance from LV= could help relieve financial pressures and give you and your family peace of mind.

If you couldn't work due to a critical illness, could you then afford to make any necessary alterations to your home (such as wheelchair access)? Could you afford to hire in help? Could you afford to repay bank loans or your mortgage? It makes sense to safeguard yourself and your family with critical illness cover. You can also combine your LV= Critical Illness cover with life insurance

With LV= Critical Illness insurance, you get:

• a lump sum when diagnosed with an illness or condition covered by the critical illness policy and you survive at least 14 days
• level, inflation-linked or decreasing critical illness cover for the policy period (5 to 40 years)
• choice of single and joint critical illness cover
• inclusive critical illness cover for children (for a reduced number of illnesses/conditions)
• option to add waiver of premium

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