What's the difference between Terminal Illness Cover and Critical Illness Cover?

Aren't they the same thing?

Although they sound similar, there's a big difference between Terminal Illness Cover and Critical Illness Cover.

Terminal Illness Cover often comes with life insurance at no extra charge. It can allow insurance money to be paid out early if the person covered is diagnosed with an illness that gives them less than 12 months to live. This can be useful because the money could be used to fund palliative care, or help someone put their affairs in order.

Critical Illness insurance will pay out if you get one of the specific medical conditions or injuries listed in the policy. Examples of critical illnesses that might be covered include heart attack, stroke, or certain types of cancer. It only pays out once and then the policy ends. Some policies will make a smaller payment for less severe conditions.

Critical Illness Cover should be considered if:
  • You don't have enough savings to tide you over if you become seriously ill or disabled
  • You may need to pay for medical treatment, cover adaptations to your home or pay off your mortgage if you become seriously ill.

If you'd like to find out more about Critical Illness Cover or Terminal Illness Cover, or wish to check an existing policy, call your LifeSearch Adviser on 0800 316 3166. They'll be happy to help.

Call the experts on:
0800 316 3166