Critical illness cover

Critical illness cover Critical Illness assurance pays out a lump sum or income if you are diagnosed with a serious illness defined as a "critical illness" by the insurer.

These illnesses include heart attack, cancer or stroke and a further long list of many other serious illnesses. These policies are generally used to provide a lump sum to repay a mortgage but can be used for any purpose.

With modern advances in Medical Care; if you suffered a "Critical Illness" you can go on to survive for many years. Your earning power however, may be severely restricted. How would you cope with a large drop in income at the same time as a big increase in the cost of looking after yourself. The financial consequences on you and your family could be crippling.

Recent statistics show that 35% of men and 46% of women who develop cancer will survive for at least 5 years, and 78% of all stroke victims survive at least a year. How would you cope with the financial effects of such illness if one were to happen to you?

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More information on Critical illness cover >

More information on Critical illness cover

Do you know each year in the UK:

300,000 suffer a heart attack
30,000 breast cancer cases are diagnosed
120,000 suffer their first stroke

What is a critical illness insurance policy?
A Critical Illness insurance policy is an insurance policy, which pays out a tax free lump sum upon diagnosis or suffering of one, or more, of a wide range of pre defined serious critical illnesses.

Critical illness insurance policies are available in two forms. A basic budget policy will offer you protection against the more common serious illnesses (cancer, stroke, heart attack) and the more expensive but comprehensive policies provide you with much greater protection against a wide range of serious illnesses.

The exact number of illnesses and conditions are stated in the key features documents of the individual insurance companies that you can download when you use our online comparison quotation service.

Example of the critical illnesses covered:

alzheimer's disease
kidney failure
angioplasty
loss of independent existence
aorta graft surgery
loss of limbs
bacterial meningitis
loss of speech
benign brain tumour
major organ transplant
blindness
cancer
coma
motor neurone disease
multiple sclerosis
paralysis/paraplegia
coronary artery by-pass surgery
Parkinson's disease
deafness
pre-senile dementia
heart attack
stroke
heart valve replacement or repair
terminal illness
HIV/AIDS
third degree burns

Why do I need Critical Illness Insurance?
Recovering from a critical illness can take months or even years. You may need to change your lifestyle to prevent the illness or condition returning and a serious disability may force you to stop work altogether.

Consider how you would continue to pay for these typical outgoings if you suffered a critical illness and were unable to work:

mortgage or rent
council tax
food & clothes
electricity & gas
education costs
personal debts & loans

You might also need a capital lump sum for:

medical equipment
professional medical care
changes to your home
new car
tax bill
business overdraft

A tax free lump sum from a critical illness insurance policy can remove some of the financial pressures and worries and allow you to concentrate on your recovery.

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