Critical Illness Insurance
Critical Illness Insurance
Critical Illness Cover provides a lump sum if diagnosed with a specified illness or disability, depending on how the policy is set up.
Critical Illness Cover
Critical Illness Cover
Most people feel that life insurance will cover the needs of their family if they should die prematurely, but suffering from a critical illness or long-term disability can be just as devastating financially.
Critical Illness Cover typically provides a lump sum payment (depending on how you set up your policy) if you are diagnosed with a specified illness or disability.
This financial support can be invaluable, helping to cover everyday expenses like mortgage payments or medical bills when illness leaves you unable to work.
insurance guide
At UKMC, we offer access to a vast array of products, simplifying the journey to find the most suitable Critical Illness Insurance for your needs. Our expert advisors have assisted numerous individuals in securing the most suitable critical illness cover tailored to their specific circumstances.
Why Choose UKMC for Critical Illness Insurance?
Why Choose UKMC for Critical Illness Insurance?
What is Critical Illness Insurance?
Wondering what Critical Illness Insurance is?
Critical Illness Cover is a type of insurance policy that is designed to support you financially if you’re diagnosed with a ‘critical’ illness. It usually provides you with a one-off, tax-free payment for your treatment, mortgage and even changes to your home if required such as a ramp.
You might need to consider this type of policy, if you and/or your family heavily rely on your income or if you don't have a large amount of savings to cover the cost if you were to become critically ill.
You will often hear Critical Illness Cover when discussing a life insurance policy as these types of policies tend to go hand in hand.
What Is Included Within A Critical Illness Policy?
There are a wide range of illnesses that can be covered within a policy. This largely depends on your own individual policy with your chosen provider, however more detailed policies can include around 50 types of illnesses.
These can be:
- Stroke
- Traumatic Brain Injury
- Stroke
- Traumatic Brain Injury
- Heart Attack
- Certain types of Cancer
- Parkinson’s and Alzheimers
- Heart Attack
- Certain types of Cancer
- Parkinson’s and Alzheimers
And many more.
Benefits of Critical Illness Cover
Benefits of Critical Illness Cover
Potential Drawbacks of
Critical Illness Insurance
Potential Drawbacks of
Critical Illness Insurance
Limited Coverage
Lower-cost policies may cover only a narrow range of illnesses. More comprehensive plans are available but at a higher cost.
Exclusions
Not all illnesses are covered, and preexisting conditions may be excluded. Some plans might also exclude illnesses due to family history.
Death Exclusion
Some policies do not automatically cover death.
Application Scrutiny
You will need to provide detailed health and lifestyle information, and previous conditions might lead to exclusions or higher premiums.
Limited Coverage
Lower-cost policies may cover only a narrow range of illnesses. More comprehensive plans are available but at a higher cost.
Exclusions
Not all illnesses are covered, and preexisting conditions may be excluded. Some plans might also exclude illnesses due to family history.
Death Exclusion
Some policies do not automatically cover death.
Application Scrutiny
You will need to provide detailed health and lifestyle information, and previous conditions might lead to exclusions or higher premiums.
Frequently asked questions
Frequently asked questions
How Much Will Critical Illness Cover Cost?
How much cover do I need?
The amount you might need covering can depend upon factors such as, any outstanding debt you have at the time of the policy being taken out, including your mortgage loan amount.
How many dependents you have, as well as your employee benefit package. If your employer only pays the statutory minimum they may find themselves stuck financially if anything was to happen.
You can always adjust your level of cover as and when your circumstances change.
Can You Cancel Your Policy?
Can You Get Critical Illness Cover on Its Own?
How To Secure Your Critical Illness Policy
How To Secure Your Critical Illness Policy
A protection advisor can provide expert advice regarding the market and cover types which can help you to achieve a suitable policy.
At UKMC, we’ve helped many customers find the most suitable policy for their needs, so please feel free to book your UKMC consultation today.
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