What could Critical Illness cover be used for?

Anything you want. Medical expenses, repaying the mortgage, making your home easier to live in, school fees, general living expenses, but to name a few.

STEP 1 of 2
Type of cover
Life Insurance       Mortgage Life Insurance
 
Cover Level (£)

Number of years
Do you want:  
Critical illness cover
Family income benefit
 

Hot Topics

What is “Total and Permanent Disability”?
“Total and Permanent Disability” means that if you are diagnosed with any illness, or have an accident, that totally and permanently prevents you from working, you have a valid claim.
Are Critical Illnesses In Pregnancy Covered?
Pregnancy does not affect any claim under critical illness insurance. It would be hard to make a case that pregnancy was a ‘self-inflicted injury’!
Will Critical Illness policies permit the use of alternative medicines?
After you have been diagnosed with a qualifying Critical Illness and the claim has been paid you can spend your money however you like. So if you want to spend some of your money on alternative medicines then that’s entirely your choice.
Can You Include Your Children On A Critical Illness Policy?
Yes. Most insurers will automatically include children on your policy.
What happens if your condition improves after making a claim on your Critical Illness policy?
Once the insurance company has paid you the money is yours to spend how you like. The policy is terminated and your insurer has no interest on how you live your life or indeed whether your condition improves or is healed.
If you fall seriously ill there is a lot to be said for having a financial cushion to make things easier.
Surviving a critical illness can change your life in many ways. You may well have to give up work and this would have a major impact on your lifestyle. You may also have ongoing medical bills. Having extra financial resources available would help you to manage these changes.

Consider some of the benefits extra money would provide:

Medical Expenses
If you need medical services outside the NHS it can be expensive. And serious illnesses often require a long period of medical attention. So the costs keep on mounting up. Critical Illness Insurance can help to provide the extra cash you need.

Repaying your mortgage
Reducing stress would be a big factor in your rehabilitation so being able to repay your mortgage and outstanding debts would be a big help.

Changes to your Lifestyle
Unless you can foresee the future it is impossible to predict exactly how a critical illness would change your lifestyle. But consider just some of the possibilities: you may want to move home or make structural changes to your home, such as widening the doorways, installing a stair lift or making sure that everything is easier for you to reach; your mobility would be important so you may find that adjustments are needed to your car or even a different type of car is required; if you have children and your mobility or energy is affected then having the right level of cover would mean that you could afford to have the childcare you need to support your recovery.

The problem is that everything you think of is almost certainly going to cost extra money, money that could be provided through Critical Illness insurance.

Cash for the future
You may want the financial resources to enable your children to finish their education and go to university. With the right amount of cover, you could even afford a holiday to help recuperate. You want the chance to enjoy yourself while you have the opportunity.

Frequently Asked Questions related to the above topic.
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