<\/span><\/h2>\nWhen you receive a life-changing diagnosis, the last thing you want to hear is your policy will not pay out. Historically, insurers did not pay out for things like low grade cancers. However, nowadays we have partial and additional payouts that are designed to pay out a lump sum for some lower grade illnesses.<\/p>\n
These payments are usually a fixed amount or a percentage of your cover. For example, some providers may cover:\u00a0<\/strong><\/p>\n\u00a330,000 or 50% of your cover amount (whichever is lower).<\/strong><\/p>\nIt’s important to note the specific wording surrounding these extra payouts on your policy:<\/p>\n
Additional Payouts <\/strong>– when a successful claim is made, it will not reduce the benefit payable should you need to claim on your policy in the future.<\/p>\nPartial Payouts <\/strong>– the value of a successful claim will be deducted from any benefit payable in the future.<\/p>\nComparing partial\/additional payout benefits can feel like a minefield. A non-advised, fee-free broker like Protect Line can help you compare different cover levels and insurers to find the one that fits you.<\/p>\n
<\/span>Examples of additional and partial payouts<\/strong><\/span><\/h3>\nAdditional condition claims vary greatly from one insurer to another. The list of what is covered also vastly varies. Below is a list of conditions covered by some UK insurers:<\/p>\n
\n- Accident hospitalisation cover<\/strong><\/li>\n
- Less advanced cancer examples<\/strong> \u2013 (dependant on severity, situ and treatment required):\n
\n- Carcinoma in-situ of the bile ducts<\/strong><\/li>\n
- Carcinoma in-situ of the cervix uteri\u00a0<\/strong><\/li>\n
- Carcinoma in-situ of the gallbladder\u00a0<\/strong><\/li>\n
- Carcinoma in-situ of the lung or bronchus<\/strong><\/li>\n
- Carcinoma in-situ of the oesophagus<\/strong><\/li>\n
- Carcinoma in-situ of the pancreas\u00a0<\/strong><\/li>\n
- Carcinoma in-situ of the vagina<\/strong><\/li>\n
- Ductal or lobular carcinoma in-situ of the breast<\/strong><\/li>\n
- Ovarian tumour of borderline malignancy\/low malignant potential<\/strong><\/li>\n
- Prostate cancer<\/strong><\/li>\n
- Testicular carcinoma in-situ<\/strong><\/li>\n<\/ul>\n<\/li>\n
- Other carcinomas in-situ<\/strong><\/li>\n
- Cerebral or spinal aneurysm<\/strong><\/li>\n
- Coronary artery angioplasty<\/strong><\/li>\n
- Guillain-Barr\u00e9 syndrome\u00a0<\/strong><\/li>\n
- Removal of one or more lobe(s) of the lung<\/strong><\/li>\n<\/ul>\n
Please remember to check carefully with your broker so you know what they cover you for. Partial payout critical illness definitions vary from one insurer to another. Some of these conditions may qualify for a full critical illness claim. It will often depend if it’s an advanced stage or early stage diagnosis, some may not be included at all.<\/p>\n
Additional payments sometime come as part of an extra cost add on. The additional cost may also give you extra benefits, so be sure to ask your broker about any options available.<\/p>\n
<\/span>What other benefits do you get with critical illness insurance?<\/strong><\/span><\/h2>\nEach insurer has their own bespoke offering. Let your broker know what’s important to you and they’ll be happy to explain all the relevant options that suit your needs.<\/p>\n
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