21 Nov 2024

Legal & General's Critical Illness Cover Improved

Legal & General's Critical Illness Cover now covers 40 conditions and also includes the following new and improved benefits:

Low grade prostate cancer as an additional payment - Covering all types of treatment
3 more ABI+ definitions – Cancer, Multiple Sclerosis & Stroke, taking the total number of ABI+ definitions to 14
Improvement to ductal carcinoma in situ (DCIS) additional payment - Now offering cover for Lumpectomy as well as Mastectomy
Improvement to Heart valve replacement cover – Now covers any surgery, such as Keyhole surgery
Exclusion period reduced on terminal illness to last 12 months - For Life and Life + CIC products
Increased maximum age for Children Critical Illness Cover – Now covered up to age 21, if in full time education
Improved flexibility options – Joint life policy separation and replacement cover available at point of claim
NO Maximum Claims Period - There is no maximum period of time within which a client has to make a valid claim within the life of the policy

Here is a quick summary of their 2011 Critical Illness claims statistics:

£177 million paid - that's over £1 billion paid since 2003
2,784 claims paid
£ 63,573 is the average critical illness claim amount
£1. 376 million was the largest single terminal illness claim payout
43 years is the average age of a claimant

Correct as of the 13/08/2012

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Think carefully before securing other debts against your home, your home may be repossessed if you do not keep up repayments on your mortgage.

Go Direct.co.uk is a trading style for website purposes of Go Direct UK Ltd.

Go Financial Services is a trading style of Go Direct UK Ltd which is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority. Registered in England & Wales Company 5703224. FCA Number 456600

We normally do not charge a fee for mortgage advice, however this is dependent on your circumstances. Our typical fee would be £349