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Critical Illness Products

Our critical illness policy covers a wide ranging 65 illnesses and conditions. 47 pay the full sum assured, 18 of which have ABI+ definitions. A further 18 pay an additional amount of 25% or £25,000, whichever is lower, for less severe conditions. Children are automatically covered from birth to age 21 for the 47 main conditions.

You can quickly view the 65 definitions by clicking the link below.

Illnesses covered

For a more comprehensive breakdown, view our guide to the illnesses covered.

Product terms

Under our critical illness cover two term options are available; fixed and rolling. Both offer additional benefits such as total permanent disability, premium protection benefit (waiver of premium), cover reinstatement and an inflation option that is never lost.

Details of each of the terms can be found below.


Fixed term

Our fixed term cover includes terminal illness and can cover your clients for up to 50 years or to age 100.

Product details

Terms: 5 to 40 years

Cover reinstatement: yes

Premiums: guaranteed

Inflation option: yes

Minimum age: 16 for a life assured, 18 for a planholder

Guaranteed increase options: yes

Maximum age at outset: 68

Continuing cover option: yes

Maximum age at expiry: 80

Premium protection benefit: optional

Basis: Single and joint life first death

Total permanent disability: optional

There for You: yes

 


For more information, download our Fixed Term protection flyer.


Rolling term

This unique product term gives guaranteed insurance for life with premiums guaranteed for ten year periods. At the end of each ten-year term your client can renew, without further medical questions, for a further ten years.

Unlike renewable products there is no maximum age so that the cover can be extended as many times as is needed. And unlike reviewable whole of life policies there are no nasty surprises; we will tell you at the start what the guaranteed premiums will be for the first three extensions (or two if the life assured is 70 or over).

Product details

Terms: 10 year renewable

Cover reinstatement: optional

Premiums: guaranteed

Inflation option: yes

Minimum age: 16 for a life assured, 18 for a planholder

Guaranteed increase options: yes

Maximum age at outset: 68

Continuing cover option: yes

Maximum age at expiry: No maximum age 

Premium protection benefit: optional

Basis: Single and joint life first death

Total permanent disability: optional

There for You: yes

 


For more information, download our Rolling Term protection flyer.


For more information please contact your Old Mutual Wealth sales consultant.

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