For the majority of crisis events covered, both sum insureds will be paid out, just like a traditional product.
There are a smaller number of events that will only trigger the Crisis Recovery sum insured, however if this is the case, the Crisis Extension remains available as an additional payment should the original crisis event progress in severity to a point where more financial support is appropriate.
This intelligent design allows you to match the sum insured payment to better reflects the impact the condition may have on your client's lifestyle, work and family at its particular point of progression.
The benefit to your client is that it can offer a premium which can be significantly cheaper than the equivalent maximum sum insured under a traditionally designed Crisis Product – alternatively the same premium can give access to a higher total sum insured.
Choosing the balance between Crisis Recovery and Crisis Extension can come down to a variety of different factors within your advice strategy.