Product profile
Description
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Pays out a guaranteed cash sum if the key person is diagnosed as suffering from a specified critical illness, terminal illness, or dies
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Protects the business against the loss of a key person
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Designed to offer a company a degree of financial security if a member of staff vital to its cash flow and profitability dies or is absent through ill health for a long period.
This money can be used to:
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Fund a permanent or temporary replacement
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Tide the business over a period of reduced activity
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Contribute to medical care to speed recovery
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Repay an outstanding loan
For
Critical Illnesses covered
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Alzheimer's disease
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Aorta graft surgery
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Benign brain tumour
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Blindness
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Cancer
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Cardiomyopathy
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Chronic lung disease
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Coma
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Coronary artery by-pass graft surgery
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Creutzfeldt-Jakob Disease
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Deafness
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Encephalitis
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Heart attack
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Heart valve replacement or repair
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HIV infection from assault
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HIV infection from blood transfusion
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HIV infection from work in eligible occupations
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Kidney failure
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Liver failure
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Loss of hands or feet
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Loss of speech
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Major head trauma
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Major organ transplant
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Motor neurone disease
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Multiple sclerosis
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Open heart surgery
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Paralysis
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Parkinson's disease
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Pre-senile dementia
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Primary pulmonary hypertension
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Progressive supra nuclear palsy
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Rheumatoid arthritis
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Stroke
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Systemic lupus erthematosous
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Third degree burns
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Traumatic head injury
Not covered
- Any illness not specified
- Some forms of cancer
Period of cover
- Minimum five years
- Maximum 40 years
- Cover ends at age 65
Maximum sum insured
- Life £2.5 million
- Critical illness £1 million
Benefits
Options
- Guaranteed or Reviewable Premium
- Fixed term or 5 year renewable or 10 year renewable
- Income Protection
Want to know more?
- Contact your financial advisor
- Contact your financial advisor
Last updated: 7 November 2008
