Does life insurance pay out if I’m really ill?
Most life insurance policies have the option to pay out on diagnosis of a terminal illness.
Depending on the severity of the illness and whether it is terminal, this could mean if you’re seriously ill that there would be some cover available to you.
It’s always best to check your policy documentation or ask our life insurance consultants whilst going through your application, as some insurers will be different from others.
Alternatively, you can also opt for Critical Illness Cover – this will pay out on diagnosis of a wide variety of illnesses as stipulated by the terms of the cover.