
Group Critical Illness Insurance Cover
We don’t tend to stop and think about what we would do if diagnosed with a critical illness but it affects a staggering number of us. 1 in 4 people are diagnosed with a critical illness between the age of 30 and 60.
Critical Illness Protection has become more and more important since it was first introduced in 1983. Originally, it provided cover for four medical conditions. Today, policies will typically cover up to 40 illnesses.
What is Group Critical Illness Cover?
Critical Illness Cover pays out a tax free lump sum upon the diagnosis of a life threatening illness such as cancer, a heart attack or stroke. During such a difficult time, the fact that your employee’s financial obligations are covered will be a huge relief for the individual concerned.
When diagnosed with a life threatening illness, the last thing someone needs to worry about is their financial obligations. The tax free lump sum payment can be used to cover the cost of medical treatments or even to make alterations to their current living conditions.
Call us now to speak with our experienced team about setting up or reviewing a Group Critical Illness scheme.
Overview
- Pays out a tax free lump sum upon diagnosis of a life threatening illness
- Premiums are payable either monthly or annually
- Can be taken out as a standalone policy for a specified term or for Whole of Life
- Policies will typically cover up to 40 illnesses.
How much?
The premiums for Group Critical Illness insurance protection are based on a risk assessment of age and other factors combined with salary levels.
It can be taken out as a standalone policy for a specified term or for Whole of Life. It is often included with term or whole of life Group Life Assurance policies.
Which services will we provide?
As a completely independent brokerage, we will review the market and obtain quotations from major providers on your behalf. We will present this information in our unique, jargon free report which compares premiums and the options you have chosen.
"The service recieved from SJS staff has been first class."
We will guide you through the process of setting up your company scheme and will be there throughout the year to assist with any queries or claims you may have.
The next step . . .
Contact us for more information about Group Critical Illness Insurance or click here if you would like one of our experienced team to call you.
We charge a refundable fee of £500 to cover the cost of the research involved. This fee is refunded to the company once you decide to proceed with one of our recommendations. Our service is free of charge if you proceed with our recommendation.
All the information we receive from you will be treated in the strictest of confidence and with the utmost discretion.