|
Suitable for protection for dependants and self |
|
Single male age 22 |
|
Single female age 21 |
|
Single parent age 30-1 child |
|
Married couple both 32 no children |
|
Married couple in their 30's with 2 children aged 5
& 8 |
|
Married couple in their 40's with 2 children at
school/university |
|
Married couple in their 50's |
|
(Long term care rather than critical illness as the
premiums under the latter may be prohibitive) |
|
Elderly couple past state pension age |
|
(Long term care rather than critical illness as this
cover will not be available from most insurers where available the
premiums will be prohibitive) |
|
These two types of cover are relatively new innovations
to the market. 'Critical illness' or 'dread disease' cover provides a lump
sum to the policyholder on the diagnosis of particular illnesses, such as
heart attack, stroke, cancer. 'Long term care' provides cover for the cost
of caring for elderly persons. A claim is normally paid when the
individual is unable to carry out a number of daily activities. |