Should you consider critical illness Insurance?
We might like to think we’re invincible but the reality is very different. It’s well known that 1 in 2 of us are likely to get cancer (Cancer Research UK 2015). Try it on and think how you would feel and what you would want. The reality is money can make a big difference at a difficult time.
How much money would make a difference to you? Would you consider paying for treatment not available on the NHS, want to clear all your debts or if your condition is terminal have the financial freedom to enjoy the time you have left.
If you would like a lump sum of money to use to take control and make positive decisions and choices if you are diagnosed with serious condition such as cancer you should consider critical illness insurance.
What we do
- Find out what’s important to you. Are there certain critical illnesses that you want to make sure you have cover for
- Talk you through the different options with the providers we recommend
- Recommend the most suitable policy for you, taking into account your circumstances and budget
FAQs
No, they’re very different. Critical illness insurance covers specified serious illnesses. Whereas for a policy to pay out because it includes terminal illness insurance means your doctor has told you your illness will lead to death, usually within the next 12 months. Most life insurance and critical illness policies include terminal illness cover.
It varies depending on a number of factors, including your age, medical history, how much cover you’d like and the length of the policy. We can talk you through your options and get a no-obligation quote to give you an idea of what the premium might be.
We have a wide range of providers who we recommend for critical illness. This includes: Aegon, AIG Life, Aviva, Legal & General, Liverpool Victoria, Royal London, Scottish Widows, The Exeter, Vitality and Zurich.
It’s hard to say! Each policy is different and insurance companies regularly review and update their policies.
There are entry level policies, which cover the core critical illness claims only, and other plans that include some lower grade cancers. Skin cancer, for example, is one of the definitions only covered by a few providers.
It’s best to seek advice to find you the best policy for your needs.
You can cancel your life insurance policy at any time. This means your cover will end and you’ll no longer be able to make a claim. If you decide to cancel, you won’t get a refund for the premiums you’ve already paid.
