Which policy type is most likely to include the option of terminal illness cover?

The most appropriate policy type associated with terminal illness cover is whole of life insurance and private medical insurance. Whole of life insurance typically provides a death benefit regardless of when the insured passes away, which means it can be structured to include terminal illness cover. This option allows the policyholder to receive a payout if diagnosed with a terminal illness, securing financial support during their remaining time.

Private medical insurance, on the other hand, can sometimes provide coverage for expenses related to terminal illnesses, offering treatments or palliative care that align with the policy’s healthcare framework.

In contrast, term life insurance primarily covers death within a specified term and may not automatically include terminal illness cover, although some providers offer this as an additional riders. Critical illness insurance focuses specifically on covering a range of specified illnesses but does not inherently provide terminal illness cover, which falls outside its defined parameters. Accidental death insurance strictly applies to death resulting from accidents and would not encompass conditions of terminal illness.