learn more | benefits | get a quote

Critical Illness Features What Is A Critical Illness Policy? It is a protection policy which provides a lump sum (Sum Assured) if you are diagnosed as having a Critical Illness. Your Commitment You can choose whether you wish to pay regular premiums for the term of the policy or accept a review in the future. Risk Factors The benefits under this policy are guaranteed and do not depend on investment performance. This policy does not have a cash in value at any time. What Might I Get Back At The End Of The Policy? No amount will be payable to you at the end of the policy term. What Happens If I Stop My Premiums? You can stop paying premiums at any time and should you subsequently be diagnosed as suffering from a Critical Illness, no benefit will be payable. Can I Cash In The Policy Early? This policy does not have a cash in value at any time. What Happens If I Die? If you die before the end of the policy term the Sum Assured will be payable. What Options Are Available? For an additional premium the following options are available: Conversion Option: Without providing additional evidence of your health you may change the policy to, for example, a Whole Life or an Endowment policy. Renewal Option: Without providing additional evidence of health the policy may be extended at the end of the policy term. Terminal Illness Option: Provides a lump sum if you are diagnosed as suffering from a Terminal Illness. What About My Tax Situation? Both the death and terminal illness benefits will be free of income and capital gains tax. Both the death and terminal illness benefits may be subject to inheritance tax unless you put your policy in trust. This information reflects AssureNet UK’s current understanding of taxation and Inland Revenue practice, which may change in the future.