Critical Illness Protection
Critical Illness Cover (also called CIC) will pay you a tax free lump sum if you are diagnosed with an illness specified by the policy. These usually include certain types of cancer, heart attack, stroke, brain tumour etc.
This money is usually used to fund costly medical bills but can also be used to clear debts to make your finances easier to manage whilst you are not earning.
Types of Critical Illness Cover
Decreasing Term Assurance