What is Critical Illness
Critical Insurance is an insurance policy that helps protect you if you become critically ill during the policy term. It pays out a tax-free lump sum that you can use however you like – whether that’s to help cover health-related costs, monthly expenses, or lost income while you get better.
Critical illness insurance covers specific named illness that are named on your policy schedule.
Do you need critical illness cover?
You can’t know what’s around the corner for your health, but you can make sure you’re prepared financially.
Think about expenses you’d need to cover if you were critically ill and couldn’t work. It might be monthly outgoings like rent payments and general bills, or instalments on a loan or a repayment mortgage. If you don’t have savings to fall back on, getting cover can help take financial worry away while you’re recovering or having treatment.
How much critical illness cover do you need?
It depends on things like what you want to cover, how much you’re looking to pay each month, and for how long. Your insurer can arrange either a combined or separate critical illness plan.
Can Critical Illness Insurance be level or decreasing term?
Just like life insurance a critical illness policy can be level, meaning it would pay out the same amount throughout the term of the policy or decreasing meaning it would reduce in line with a repayment mortgage.
Our partners work with the UK's leading life insurers to find you the right cover and as such each insurers definitions are terms are slightly different. The below is just a generic guide to critical illness insurance in the UK, when you submit an enquiry the advisor you are refered to will provide you with any additional information you may need.
What's covered by Critical Illness?
Lump sum payment If you’re diagnosed with a critical illness that meets your insurers policy definition, and survive for the defined number of days.
Numerous conditions covered
Each insurer is different but typically they cover between 50-65 illnesses. They all cover core illnesses like heart attack, cancers and strokes to name but a few.
Flexible length of cover
Again each insurer is different but typically you can choose from 5 to 50 years – and the cover can last until you’re 75
Joint to a single policy
If you separate from your partner, some insurers allow you to split your policy into two single policies, and won’t have to answer any new health and lifestyle questions
Choose cover of up to £1 million
Choose the right amount of cover for you to help you when you need it most.
What's not covered
If you're diagnosed with a critical illness outside the policy term
You won’t be covered after your policy ends
If you don’t survive the defined number of days following diagnosis
If you pass away
Your policy will end and the insurer won’t pay out. If you have a joint policy and one person passes away, cover typically will continue for the other policyholder
If you don't pay your premiums
Your cover will stop. The policy has no cash-in value at any time
If you’re diagnosed with a critical illness not listed in your insurers policy
You won’t be covered
Once the policy pays out, it ends
Simply put once the policy ends, it ends and you will not be covered.
What does Critical Illness Insurance cover?
Choose from the UK's leading Life Insurance companies
Legal & General
Legal & General, Aviva, Vitality, Liverpool Victoria and Zurich are just a few of the insurers our panel of advisors work with to find you the best life insurance cover. They can help you navigate the various policies to make sure you get the right policy for you. What's more because they work with many of the UK's leading insurers they could help you save money on on a new policy as well as replacing your existing cover.
Life and Critical Illness insurance
Add optional Critical Illness cover
When you apply for life insurance, you can add critical illness cover.
A Critical Illness Plan pays out a lump sum if you are diagnosed with or have surgery for one of the critical illnesses covered by the insurers plan.
Get a quick quote
Got 5 minutes? That’s how long it takes to fill out our short form. Once we have it we will refer you to a qualified and experienced advisor who will provide you with your quote.
Remember, you can add critical illness cover when you apply for life insurance.