What is Terminal Illness Insurance?

Terminal Illness Insurance pays out if you are diagnosed with an illness from which you are expected to die within 12 months of diagnosis.

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What is the difference between a Guaranteed and Reviewable life insurance policy?
With a “Guaranteed” policy the Life Company guarantees that it will never increase the premium.....
What is Term Life Insurance?
Term Life Insurance is a category of insurance that will payout a lump sum to you or your family if you die or fall terminally ill during the term of the policy.
What is Critical illness Insurance?
Critical Illness Insurance pays an lump sum if you are diagnosed with a serious illness or critical illness.
What is Terminal Illness Insurance?
Terminal Illness Insurance pays out if you are diagnosed with an illness from which you are expected to die within 12 months of diagnosis.
Are there any fees or extra costs to pay?
If you are purchasing insurance through our product partner, Life Policies Direct, then there will are no fees or other costs to pay

This type of insurance is normally included free of charge with all good Life Insurance policies. You cannot buy a Terminal Illness policy solely buy itself.

But please be aware, Terminal Illness is not the same as Critical Illness Insurance.

The essential difference is that Critical Illness will pay out as soon as you are diagnosed with a serious illness that is included within your policy. With Critical Illness Insurance you do NOT have to be expected to die within 12 months after diagnosis and there are many serious illnesses that fall into that category. E.g. blindness, multiple sclerosis and paraplegia. To see a typical list of Critical Illnesses choose ‘What is Critical illness Insurance?’ and scroll to the bottom of the page displayed.

Consider again, that 35% of men and 46% of women who develop cancer survive for at least 5 years and 78% of stroke victims survive for at least a year. Consider carefully the merits of Critical Illness Insurance and the difference between it and Terminal Illness Insurance.