This policy
is designed to pay a lump sum to the policyholder if
he / she is diagnosed with one of the covered serious
illnesses.
While most terminal illnesses are covered within these
types of policy some illnesses which are covered do
not necessarily have to be terminal to be claimable.
The idea of this sort of policy is to provide the policyholder
with a lump sum at a time when they may need it most
and may be experiencing higher than normal costs because
of the illness they are suffering.
Obviously the list of illnesses covered will vary
between companies and Bond Financial Limited will advise
you on the best policy to suit your individual requirements.
Typical types of illness that are covered will include:
Heart Attack
Stroke
Most forms of cancer
Major organ transplant
Other benefits such as payment of a sum assured on
death or disability cover may also be included with
these sorts of policy and the good news is that benefits
from a serious illness contract are tax free.
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