Key3 Critical Illness Insurance
Key3 Critical Illness Insurance is a simpler version of our standard critical illness product, covering cancer, stroke and heart attack. It pays a tax-free lump sum if your client suffers from one of these conditions.
It’s a cost-effective solution when compared to standard critical illness products, providing a protection option while working within their budget. Your clients can also choose Key 3 with Life Insurance, and then the policy will pay out in the event of death, terminal illness or for one of the three critical illnesses.
Why recommend Key3 Critical Illness insurance
Cancer, stroke and heart attack can affect anyone at any time. And it happens more often than you think.
- Every two minutes: someone is diagnosed with cancer2
- Every five minutes: someone in the UK is admitted to hospital due to a heart attack3
- Every five minutes: someone has a stroke4
Almost 83% of adult critical illness claims paid out by AIG in 2022 were for illnesses covered by Key31. Putting a policy in place gives your clients the financial help they need to be able to focus on recovery, whether it’s paying for childcare, adapting a home to new ways of living or settling a mortgage.
Smart Health
From on-demand consultations with UK based GPs to second medical, our Smart Health service is a convenient way to connect your clients to tools that help them manage their health and wellbeing. It’s available 24/7, 365 days a year, anywhere in the world and can also be used by their partners and children up to age 21, all at no additional cost.
Smart Health is a non-contractual benefit that could be changed or withdrawn in the future.
Writing your client's policy into trust
If your clients want to put their policies into trust, we’re on hand with example trust documents. This legal arrangement could ensure that money paid out for a claim goes straight to the people it needs to. It could also speed up death claim payments and help mitigate Inheritance Tax liabilities.
We can’t advise on whether putting any policy into trust would be the right thing to do for your clients and recommend they take professional legal and tax advice. Here’s our guide to explain how trusts work with AIG policies.
Additional benefits of AIG
Smart Health
The insurance also includes access to Smart Health, an additional service provided at no additional cost to you. From on-demand consultations with UK based GPs to second medical opinions, our Smart Health service is a convenient way to connect your clients to tools that help them manage their health and wellbeing. It’s available 24/7, 365 days a year, anywhere in the world and can also be used by their partners and children up to age 21, all at no additional cost.
Smart Health is provided to AIG Life Limited customers by Teladoc Health. We want to let you know that these services are non-contractual, which means they don’t form part of the insurance contract with us. If our partnership with Teladoc Health ends, these services could be changed or withdrawn in the future.
Our Claims Support Fund
We offer a discretionary fund of up to £500 towards services such as travel costs and wigs after cancer treatment – all to help your client and their family cope with a serious illness.
Literature and support materials
Key3 - Cover Details
This explains how the cover works and the terms and conditions for Key3 Critical Illness Insurance.
Key3 Critical Illness Insurance – Key Facts
This document describes what is covered by Key3 Critical Illness Insurance, who can buy it and how it works.
Key3 - Sales Aid
Find out how our Key3 product can help your clients, providing cover for three common illnesses.
Key3 with Life Insurance - Cover Details
This explains how the cover works and the terms and conditions for Key3 Critical Illness with Life insurance.
Key3 Critical Illness with Life Insurance – Key Facts
This document describes what is covered by Key3 Critical Illness with Life Insurance, who can buy it and how it works.
Key3 - Reasons why
This provides useful examples for a ‘reasons why’ letter and scenarios where Key3 is suitable