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AXA Critical illness cover is a long-term insurance policy that will pay out a tax-free lump sum if you were to suffer a life-threatening or debilitating condition during the lifetime of the cover. AXA Critical illness insurance and Aviva critical illness insurance is available to anyone from the age of 18 years to about 65 years. However, critical illness cover is not insurance that we automatically think about, as we do other types of insurance for example, house contents insurance, building insurance, car insurance etc. Though, critical illness cover could be considered as being just as important a form of protection; especially more so as we enter into various commitments as we become independent of our own families. Ideally, we need to think about how we would manage should we be unable to work for any length of time due to a serious illness. AXA Critical illness insurance does not cover any sickness that may affect our ability to do our job; AXA critical illness insurance covers and BUPA critical illness insurance specified serious illnesses that are potentially life threatening or cause some form of disability. You will possibly going to be looking at permanent changes to your old lifestyle.
AXA critical illness - AXA critical illness insurance - AXA critical illness cover
The tax-free lump sum provided by critical illness insurance will provide you with the protection that in the event that you should suffer one of the specified illnesses you know that you will be able to financially manage. The insurance companies make no stipulation upon where the money should go or how it should be spent. Once the lump sum is paid out to yourself it is yours to spend as you see fit. This may be to pay off a mortgage, loan and/or debts. It could be used to pay for treatment, care, rehabilitation and/or adaptations to your home/lifestyle. Alternatively, it may provide a valuable income for you and/or your family whilst you are unable to work.
Therefore, just as other insurance covers are important, such as protecting our home, belongings, car etc, critical illness insurance could be classed as just as imperative, especially as we enter into commitments such as mortgage, family, business etc..
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