Critical Illness Insurance
Minimise the financial impact on your family if you become critically ill. Add Critical Illness as an option for an extra cost when you take out Life Insurance or get it as a stand-alone policy.
Critical Illness Insurance
- You choose either a cash lump sum or a regular income if you’re diagnosed with a specified critical illness, and you survive (most insurers specify for 30 days) following your diagnosis.
- You choose whether you want your level of cover to either decrease each year (e.g., in line with your mortgage rate), remain level or increase each year (e.g., in line with inflation).
- You choose from various optional extra benefits to enhance your protection, e.g., children’s critical illness, fracture cover or premium protection.
Independent Financial Advice
You have the peace of mind of knowing that you and your loved ones' lifestyle is protected by whatever life throws at you.
Protect your home with a lump sum to repay your mortgage if you suffer a severe illness.
Choose optional extra benefits like children's critical illness, premium waiver or fracture cover.
“We give candid, impartial, effective, plain English financial advice.”
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FT Adviser, November 2019
FAQ
Frequently Asked Questions
The information provided in these FAQs does not constitute professional financial advice. We strongly recommend that you consult a professional adviser before proceeding with a financial transaction.
What is critical illness insurance?
A critical illness insurance policy will pay you a lump sum if you’re diagnosed with a severe health problem like a heart attack, stroke, or cancer.
What conditions are covered by critical illness?
Critical illness insurance will pay out if you get one of the medical conditions or injuries listed in the policy document. You can typically choose at the outset whether you want your policy to pay just once (first event) or continue and potentially pay out more than once if you suffer another severe illness later in life.
The conditions and illnesses covered vary significantly between different insurers. All policies cover certain core conditions, such as:
- stroke
- heart attack
- cancer
Most insurers offer more comprehensive policies which cover an extensive range of health conditions, including things like:
- organ transplant
- Parkinson’s disease
- Alzheimer’s disease
- Multiple Sclerosis
- head injury
Some policies will make a smaller payment if you suffer a minor illness or if one of your children is diagnosed with one of the critical illnesses specified by your policy.
Can I add critical illness to my life insurance policy?
Most life insurance companies allow you to add a critical illness benefit to your insurance policy.
Get in touch
Contact Neil Today
The Workers’ League House, 44-50 Royal Parade Mews, Blackheath, London, SE3 0TN
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