Cover for severe illnesses

Last week I sent a message about Critical Illness Cover. This week I’m showing you a list of the conditions covered by this insurance.

Although the conditions most claims are paid for are cancer and heart disease, a wide range of other illnesses are covered that could impact you financially due to lost income or very high medical expenses and/or lifestyle adjustments.

Have alook at the list of conditions in the table and diagram below; the table shows the broad caategories of conditions covered and the diagram shows how the product approaches paying a claim:

Momentum’s critical illness cover is available as follows:

1. Comprehensive Critical Illness: pays either 25%, 50%, 75% or 100% of the insured amount depending on the severity of the condition claimed for.

2. Comprehensive Critical Illness Plus: pays for certain illnesses of lesser severity and as a result, smaller claim percentages are payable in addition to the larger amounts described above. (see plus option in the diagram)

3. Elevated: Both the above options can be made ‘elevated’. This boosts claims that would have qualified for a 50%, 75% payout to 100% - ensuring maximum payouts are realised more easily.

You can select from the four options of cover that result to ensure your personal circumstances are properly insured.

This benefit can also be structured to provide cover either to age 65 or for “whole of life”.