Critical Illness Payment

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  • #38166
    laural
    Participant

    have a claim where customer has received £31k from what appears to be an insurance cover – should this be included or disregarded – can’t quite find the answer as it is not a compensation payment or to cover a mortgage.

    #107576
    esmith66
    Participant

    there is no disregard for a lump sum payment from a critical illness policy. I had a case a couple of years ago where the claimant had received a payment and intended to use it to repay her mortgage, but she left it in her bank account for 12 months before doing so as she was receiving treatment and wasn’t well enough to deal with it. It had to be treated as capital for that period

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