Life Assurance and Critical Illness

Life Assurance

Nothing can replace a lost loved one, but ife cover will pay out a lump sum  or annual benefit with Family Income Benefit during the cover term that can replace lost future income – and with it help give back a feeling of security. At a difficult time, it can ease money worries and help prevent financial hardship.

The benefit may  also be paid if you become terminally ill or are total and permanently disabled as defined in the cover you choose. This gives the opportunity to plan your finances and use it for any special case you may need. It helps everyone to cope better at a difficult time.

Critical Illness

Critical illness will help protect you and your family from financial hardship if you fall ill, and by adding life cover, you can also make sure your dependants are provided for if you die during the term.

As well as paying a tax-free lump sum ( or annual benefit with family income benefit ) if you suffer or undergo one of a number of specified illnesses or operations, critical illness with life cover will also pay out the sum assured in the event of death.

Terminal illness is also included normally. In this case, payment will be made if you  are diagnosed with a terminal illness with a life expectancy of no more than 12 months. Please note this cover is not normally available in the final 12 months of the plan.

There can be a variety of additional services dependant upon the provider chosen.


One of the keys to successful protection planning is to regularly review all your protection.

At AIC Financial we offer regular reviews to ensure your current  protection arrangements are suitable to your needs and are competitive in cover and cost. We annually check your cover to ensure that your needs have not changed along with. We could also save you money! Please contact us for your free initial, no obligation Protection review using the link below.