Benchmark premium rates for critical illness

A term insurance policy pays on death. A critical illness policy pays on the diagnosis of a critical illness or on death. The chance of making a claim on a critical illness policy is higher. A rule of thumb is that the premium payable for critical illness cover is 60% higher than for a death cover for a male. For a female, it is 140% higher.

Here are some specimen rates:

Insure $300,000 level for 25 years
Age      Male            Female
       Death    CI      Death  CI
25      456    711       295   726
30      729   1161       431  1083
35     1211   1966       676  1586
40     1984   3212      1127  2304