With a critical illness, you want to be sure that the cover you choose will be there for when you need it the most.
Here're some of the most common conditions our customers claimed on last year.
1 in 2 people born after 1960 are expected to get cancer in their lifetime (Cancer Research UK). In fact, 60% of all our critical illness claims in 2020 were due to cancer.
Heart and circulatory disease cause more than a quarter (27%) of all deaths in the UK; that's nearly 170,000 deaths each year - an average of 460 people each day or one death every three minutes.
Strokes cause around 34,000 deaths in the UK each year (BHF). Strokes are a major health problem and are the single largest cause of disability for the UK.
Life and Critical Illness combined
As of 25 January 2022 our Critical Illness cover has changed. If you have previously started an application before this date, you may want to review the cover before you purchase.
Full payment conditions covered
For the following less serious conditions, we’ll pay the lower of 25% of your amount of cover up to £30,000. If we pay a claim under one of these conditions, then your policy will still continue for your full amount of cover.
We have nine full payment conditions where we’ll pay an additional 50% of your cover, up to a maximum of £200,000 (on top of your cover). This happens if your claim is as a direct result of an accident.
Children's critical illness cover
If children’s cover (optional at an additional cost) is added to the policy, we’ll cover your child for the following conditions. If a claim is made for one child we’ll pay the lower of 50% of your amount of cover up to £35,000. We’ll only pay for one full payment condition for each child. If we pay a claim under one of these conditions, then your policy will still continue for your full amount of cover.
For the following less serious conditions, if a claim is made for one child we’ll pay the lower of 25% of your amount of cover up to £15,000. If we pay a claim under one of these conditions, then your policy will still continue for your full amount of cover.
Pregnancy complication payments (available only if children’s cover has been added).
We’ll pay £5,000 per pregnancy if the person insured by LV= Life and Critical Illness policy is diagnosed with one of the listed specified complications of pregnancy.
For 13 conditions we’ll pay 100% of the parent’s amount of cover or £70,000. If the child is covered by more than one policy the maximum we’ll pay across all policies is £140,000.
For three organ related full payment conditions if a child is diagnosed with one of these conditions and meets the claim criteria we will pay twice the normal amount for a child’s claim.
For ten full payment conditions if the cause of the claim was as a direct result of an accident we will pay twice the normal amount for a child’s claim.
Please note additional features could be available on this type of product, including total permanent disability, inflation-linked cover and applying on a life of another basis. We also have a different Life and Critical Illness product which provides cover for more conditions and features, and is also available on reviewable premiums. Should you wish to discuss the additional features or our other policy, you can contact LifeSearch on 0800 197 2268. LV= have chosen to partner with LifeSearch to offer customers independent advice for protection products.
A little extra info never hurt anyone, so have a read of our policy documents
You can get this and other documents from us in Braille, large print or audio by contacting us
We've chosen to partner with LifeSearch to offer you independent advice on which protection products are right for you.