Personal protection
Critical Illness Cover
What is Critical Illness Cover?
Nobody likes to think about becoming seriously ill, but life can be unpredictable. Critical Illness Cover is designed to give you financial peace of mind if you are diagnosed with a serious health condition listed in your policy. These plans can pay out as a lump sum or as a regular monthly benefit, depending on the type of cover and options that are right for you.
Serious illness can affect anyone, at any age, no matter how well they look after themselves. Ill health can come from a medical condition, a random infection or an accident. We cannot control everything that happens to our health, but we can put plans in place to help protect our finances if something does go wrong.
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Why This Cover Is Important
A critical illness can raise a lot of questions:
How long will I be unable to work?
How will we pay the mortgage or rent if my income stops?
What impact will this have on my family and our day-to-day finances?
If I run a business, what might this mean for the business?
Your mortgage or rent, household bills and family expenses do not stop just because you are unwell. If you had to take 12 months off work – or longer – the financial impact could be huge. These plans can pay out as a lump sum or as a regular monthly benefit, depending on the type of cover and options that are right for you
A lump sum or monthly benefit can help ease a wide range of financial pressures, providing important breathing space for you and your family at a difficult time.
Many people use this type of cover to:
Help pay off or reduce their mortgage
Replace some lost income while they are off work
Clear or reduce other debts
Fund changes at home if their illness affects their mobility
Give their family a financial cushion while they focus on recovery
The main conditions people typically claim for include certain types of cancer, heart attack, stroke and multiple sclerosis, although more comprehensive policies can cover many additional conditions.
How It Works
When you take out Critical Illness Cover:
You choose the level of cover and how long you want the policy to last.
If you are diagnosed with one of the conditions listed in your policy during that time, and you meet the policy’s definitions and survival period, a one-off, tax-free cash payment is made.
The payout is yours to use in whatever way is most helpful – for example reducing your mortgage, covering living costs, funding treatment or adapting your home.
Critical Illness Cover can be taken alongside life cover or as a standalone policy. There are also “serious illness” style policies and different levels of cover, which can insure you for a wider range of conditions.
Getting the right cover for you
There is a wide range of policies on the market and they do not all work in the same way. The conditions covered, how those conditions are defined, and the extra benefits included can vary a lot between providers.
My role is to:
Help you understand what you want a payout to do for you and your family
Compare policies across the market, looking at cost, conditions covered, how those conditions are defined and any added benefits
Recommend cover that is suitable for your needs and budget, in clear, straightforward language
If you already have Critical Illness Cover in place, I can review it against other options available to check whether it still meets your needs.
get in touch
Ready to talk?
A first conversation is simply a chance to ask questions and understand your options. If you would like to talk about Critical Illness Cover or wider protection for you and your family, you can get in touch for a friendly, no-obligation chat about your situation.
You can call me on 0141 846 7505 or complete the enquiry form below and I will get back to you quickly.
By submitting this form, you agree that we may use your details to respond to your enquiry. Please read our Just in Time Privacy Statement for more information.