We will read the definitions so you do not have to.
Two policies at the same price can differ completely on what counts as a valid claim. That is where broker advice earns its keep.
Book a first meetingA tax-free lump sum, on diagnosis
You are diagnosed with one of the conditions listed in the policy. Provided the diagnosis meets the definition set out in the policy, the insurer pays you a tax-free lump sum.
How it differs from the other two
They solve different problems and most households need more than one. Specified illness handles the shock. Income protection handles the long haul. Life cover handles the worst case.
Specified illness
Income protection
What is usually covered
Policies typically list dozens of conditions. The ones that account for most claims are cancer, heart attack and stroke.
Beyond those, cover commonly extends to multiple sclerosis, Parkinson’s disease, major organ transplant, kidney failure, loss of limbs and loss of sight, among many others.
Not every diagnosis pays out.
Every condition in the policy has a medical definition attached, and the diagnosis has to meet it. Early-stage cancers in particular are often covered at a partial rate rather than in full, and some very early-stage conditions are excluded. This is not a catch, it is how the product is priced, but you should know it going in rather than at claim stage. We will go through the definitions with you.
What to watch out for
This is the product where the wording matters most, and where two policies at the same price can be very different things.
Pick a date and time that suits you.
No sales pitch, just a conversation about what you already have, what it is heading for and whether we can improve it. You will get a written summary either way.
