Critical Illness Insurance
Take control of your financial wellbeing with expert advice on critical illness insurance—providing financial security during life-changing health challenges.
Critical Illness Insurance
Retirement is often described as life's longest holiday. Check out our articles, tips and guides to make sure your retirement pot lasts the distance.
Take control of your financial wellbeing with expert advice on critical illness insurance—providing financial security during life-changing health challenges.
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Critical illness insurance is a type of cover that pays out a tax-free lump sum if you’re diagnosed with a serious illness listed in the policy, such as cancer, heart attack, or stroke. This payout can help you cover expenses, clear debts, or adapt your lifestyle while focusing on recovery.
Unlike standard life insurance, which pays out after death, critical illness insurance supports you financially during life-changing illnesses, helping to reduce financial stress at a difficult time.
A serious illness can significantly impact your life, not just physically and emotionally, but financially too. Consider these key reasons why critical illness insurance matters:
- Financial Support During Recovery: Use the lump sum to cover lost income, mortgage payments, or everyday living costs if you’re unable to work.
- Pay for Medical Treatment or Adaptations: Cover the cost of private treatments, home modifications, or care services that may not be fully available on the NHS.
- Protect Your Family’s Future: Ensure your loved ones are financially secure if you’re diagnosed with a critical illness.
Statistics show that 1 in 2 people in the UK will develop cancer during their lifetime, and serious conditions like heart attacks or strokes are common. Having critical illness insurance ensures you have a safety net in place for the unexpected.
Use our free calculator to find out how much you need in your pension
Pensions & Retirement
Retirement is often described as life's longest holiday. Check out our articles, tips and guides to make sure your retirement pot lasts the distance.
Check out our articles, tips and guidesto make sure your retirement pot lasts thedistance.
Button TextCritical illness cover is suitable for individuals in various life stages:
- Homeowners with Mortgages: If you’re repaying a mortgage, a payout could help you maintain your home during illness. Use the lump sum to cover lost income, mortgage payments, or everyday living costs if you’re unable to work.
- Parents or Guardians: Protect your family’s financial stability if you’re unable to work.
- Self-Employed Individuals: Without sick pay benefits, critical illness cover provides financial security during recovery.
- Anyone Without Significant Savings: If you don’t have substantial savings, a lump sum can be a lifeline in covering unexpected expenses.
It’s important to assess your current financial commitments, such as loans, dependents, and living costs, to decide whether this cover is right for you.
Insurance options
Choose a cover amount and term that fits your needs.
Premiums are based on factors like age, health, lifestyle, and the level of cover.
If diagnosed with a qualifying illness, submit a claim to your insurer.
Use the tax-free payment to manage your finances as you focus on recovery.
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Choosing the right critical illness policy can be complex. A financial adviser can help you:
- Understand Your Needs: Assess your personal circumstances, such as family commitments and financial goals.
- Compare Policies: Navigate the options from various providers to find comprehensive cover at a competitive price.
- Identify Gaps in Your Protection: Ensure you have a balanced financial protection plan, including life insurance, income protection, and critical illness cover.
- Save Time and Money: Cut through jargon and streamline the process of finding and securing the right cover.
Hear from Clients of Trusted Advisors
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