What is the difference between Terminal Illness Cover and Critical Illness cover?

A Terminal illness cover only pays out if you are diagnosed with a terminal illness and your doctor expects you to die within 12 months.
A Critical illness cover immediately pays out if you are diagnosed with an illness listed in your Insurance Company’s Critical Illness booklet.

The interesting thing about Critical Illness cover is that you may be diagnosed with a critical illness, be unable to earn, yet survive for many years. It is therefore extremely valuable to consider this option. Remember that 35% of men and 46% of women who develop cancer survive at least 5 years and 78% of stroke victims survive at least a year. We think you’ll appreciate the merits of Critical Illness Insurance.

Please note : The information contained within the FAQ section has been written by Mortgage Protected Online

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