Certain Critical Illnesses
A financial relief if you or your children are affected by a specified critical illness.
Specified critical illnesses
Being diagnosed with a specified critical illness can have major emotional and financial impacts on you and your family.
This insurance provides financial support if you or a child under 18 are diagnosed with a specified critical illness.
You decide how to use the payout.
It can, for example, help cover everyday expenses during the initial period, fund special treatments, purchase medical aids, or support other needs that make life easier.
The payout is tax-free.
This insurance is always taken out together with a life insurance.
The policy details which illnesses are covered and the rules for receiving payment.
Frequently Asked Questions
Which illnesses are covered by the insurance ‘specified critical illnesses’?
It is stated in the insurance terms which illnesses are covered.
The insurance covers various medical conditions. For adults, these may include:
Cancer, blood clot in the heart (heart attack), Alzheimer’s disease, Parkinson’s disease, multiple sclerosis, etc.
For children, the insurance includes, among others, the following conditions:
Cancer, serious burn injuries, heart disease requiring surgery, etc.
In the insurance terms, you can see exactly which medical conditions are covered by the policy.
If you have any questions, you are welcome to call us at 31 11 11 or send an email to liv@liv.fo
Are children covered by this insurance?
Yes, children up to the age of 18 are covered by this insurance.
If you have any questions, you are welcome to call us at 31 11 11 or send an email to liv@liv.fo
What happens if I am diagnosed with a specified critical illness?
If you become seriously ill and have the insurance “specified critical illness,” you should contact us to find out whether your condition is covered by the policy.
If the illness is covered, you must complete a form to apply for a payout.
If you have any questions, you are welcome to call us at 31 11 11 or send an email to liv@liv.fo
Is the payout affected by which illness I am diagnosed with?
The amount is the one specified in the agreement, regardless of which illness is diagnosed.
If the illness is covered, you must complete a form to apply for a payout.
However, there is often a difference between the insured amount for the policyholder and the amount for children.
If you have any questions, you are welcome to call us at 31 11 11 or send an email to liv@liv.fo
Can I take out the insurance ‘specified critical illnesses’ if I already have a pre-existing condition?
When you take out an insurance policy, you must complete a health declaration, regardless of whether you have any existing conditions.
Your health status will then be assessed to determine your eligibility for the insurance.
If you have any questions, you are welcome to call us at 31 11 11 or send an email to liv@liv.fo
Is a health declaration necessary if I want to take out the ‘specified critical illnesses’ insurance?
Yes, we require health information for all insurance policies.
If you have any questions, you are welcome to call us at 31 11 11 or send an email to liv@liv.fo
Can I take out insurance for ‘certain specific serious illnesses’ as an individual insurance?
No, insurance for certain serious illnesses cannot be taken out as a standalone policy, but is always taken out together with a life insurance policy
Insurance Payout Amounts
You can choose between:
Example 1
Insured DKK. 125.000
Children u/ 18 yrs DKK. 125.000
Example 2
Insured DKK. 200.000
Children u/ 18 yrs DKK. 150.000
Which illnesses are covered?
It is specified in the insurance terms which illnesses/medical conditions are covered by the insurance and the rules for payouts.
Critical illness insurance is always combined with Life Insurance, the cost will also include the life insurance component.
If you have any questions or would like further clarification, feel free to contact us at LÍV.
We are ready to help you
If you have questions or would like advice, you are welcome to contact us.
Send us an email on liv@liv.fo, call us at +298 31 11 11, or log in to the customer portal
Mítt LÍV and send us a message
