Do you need Critical Illness Cover?

Critical illness cover, also known as Critical illness insurance is a long-term insurance policy which covers serious illnesses listed within a policy.

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Critical Illness Cover
Adding Critical Illness cover to your life insurance policy can help protect you and your family when you need it most
Good Practice

Whilst life insurance protects you if the worst were to happen. Statistically speaking it is much more likely that a homeowner will suffer a critical or serious illness over the duration of their mortgage. With people generally living longer and surviving serious illnesses such as cancer, It is good practice to protect yourself, your home and your family against the threat of a critical illness.

Critical illness is paid out on diagnosis of several specified illnesses and typically covers the “big 4”, such as Cancer, Heart attacks, Multiple Sclerosis and Stroke as well as many others.

The way it works is you will receive a lump sum payment depending on the level of cover you choose. Typically, this will be in line with the mortgage amount and the funds are received tax free. A cash lump sum will give you reassurance that you will have the ability to pay off your mortgage or to support you and your loved ones in a time when you will need it most. With regular health checks we will also make sure that the cover is the most suitable. For instance, if you choose to increase your mortgage borrowing in the future using Stisi Group.

Best level of Cover

Whilst you may choose to pay off your mortgage, it may be the case that you would like to use the funds elsewhere, for instance, treatment abroad that helps you to skip the NHS queue or even home modifications to fit any change in circumstances.

There can be huge variations between the level of cover provided with different insurers. So we will help you choose the best level of cover that fits in with your own personal circumstances. Our Critical illness providers are 5 star “Defaqto” rated so they are recognised within the industry as being of the highest standard.

This can be important in terms of pay-out history and the number of critical illnesses that are covered. We regularly check to make sure that all our insurance partners maintain this rating so the cover you receive is amongst the best on the market.

What will you get if you add Critical Illness cover to your life insurance?
Monthly Premium

Up to £25,000 of children’s critical illness cover automatically included in your monthly premium.

Lump Sum

We’ll pay a lump sum if you are diagnosed with one of the defined critical illnesses covered.

Life Stages

You may be able to change your cover amount at certain life stages.

Would you like to learn more about our Critical Illness cover?
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Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.