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.
Key3 offers your clients a cost-effective solution when compared to standard critical illness products, giving them the cover they need to work within their budget - it’s available with and without life insurance. If your client chooses the life insurance option, the policy will pay out once in the event of death, terminal illness or for a critical illness.
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 three minutes: someone in the UK goes to hospital due to a heart attack3
- Every five minutes: someone has a stroke4
Over 80% of adult critical illness claims paid out by AIG in 2018 were for illnesses covered by Key31. This straightforward policy offers financial support for when your clients will need assistance most.
If your client is affected by one of the ‘big three’, a Key3 critical illness policy gives them the financial assistance they need to be able to focus on recovery.
- AIG Life Claims statistics 2018
- Cancer Research UK, 2015
- British Heart Foundation, UK Factsheet, November 2018
- Stroke Association, 2018
Writing your client's policy into trust
Your clients are able to write their policies into trust, and we offer both simple and split options. Making this legal arrangement ensures that money paid out goes straight to the people they want to benefit from it. It also could allow a quicker death claim payment compared to a policy not in trust and could exempt any pay out from IHT liabilities. We cannot advise on whether putting any particular plan into a trust would be suitable for your client’s particular circumstances and would recommend that they take professional legal advice. For more information, read our guide to explain how trusts work for insurance policies.
We give your clients access to Best Doctors for invaluable second medical opinions. Their knowledge helps your clients and their immediate family get the right diagnosis, treatment and care.
Our Claims Support Fund
We offer a discretionary fund of up to £300 towards services such as travel costs and wigs after cancer treatment - all to help your client and their family cope with a serious illness.
From on-demand consultations with UK based GPs, to Best Doctors - the expert case management service with the world’s top medical specialists, our Smart Health service is a convenient way to connect your customers to tools that help them to manage their health and wellbeing from anywhere in the world, 24/7.
Smart Health and Best Doctors are non-contractual benefits which can be withdrawn at any time without notice.
Literature and support materials
Key3 - Cover Details
This explains how the cover works and the terms and conditions for Key3 Critical Illness Insurance.
Key3 - 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 - Key Facts
This document describes what is covered by Key3 Critical Illness with Life insurance, who can buy it and how it works.