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.