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Critical Illness Insurance UK
Critical Illness is also known as 'Serious Illness Insurance'. It pays out a lump sum if you are diagnosed with one of a number of specified 'critical' illnesses during the term of the policy. The critical illnesses you are insured against will be specified in the documents provided by your life insurance company (see below). You can use the lump sum payment for anything you want but most people use it to provide an income if they become too ill to continue working. Other uses may be to pay off a debt, such as a mortgage.
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