Critical Illness Cover provides a tax-free lump-sum on diagnosis of a specified serious illness, and then it is for you to use as you wish.
It is an option that can be added to your Family or Life Assurance cover and provides you with the added protection in the situation that you were diagnosed and survive a serious illness. The financial support you receive from the cover will be an immense help towards the mortgage and household bills. All you need to do is decide on the amount of cover you are likely to need.
Please note that if specified with a serious illness you can only claim Critical Illness Cover or Life Assurance not both. In the event of a critical illness claim you will receive the agreed cash sum and your plan will end.
This option is applicable to specified illnesses. Please speak with a Skipton staff member for more details and to make sure you get the level of cover you need.
This service is provided and administered by Direct Life and Pension Services Ltd (DLPS), who are authorised and regulated by the Financial Services Authority.