Critical Illness Cover
What is critical illness cover?
Critical illness cover or CIC is an insurance designed to support people through difficult periods of terminal or critical illness, these policies are standardly used as a way for people to financially support themselves and their loved ones. If you make a claim on the policy, you get a payment which can be used in any way whether it be meeting everyday expenses or alleviating the pressure by paying off financial burdens like mortgages.
Critical illness cover keeps your finances secure should you end up unable to work due to long-term illness or an accident.
Similar to life insurance and often included in the rate as standard, critical illness cover keeps you and your loved ones financially secure if you find yourself unable to work. This cover can also include a payout for those who may end up permanently paralysed as a result of a workplace accident or sickness.
Our insurance advisors can help you find the right critical illness cover based on your circumstances. We’ll also look into whether you’d get more for your money if your critical illness is included with your life insurance cover.
How Can Our Insurance Advisors Help You?
We have years of experience in finding the right cover for you.
We’ll offer you a no-obligation consultation to discuss your needs
Tailored advice based upon your circumstances and budget
Why Do I Need Critical Illness Cover?
Every 22 minutes, a child in the UK loses a parent they depend on financially.
*Source: childbereavementuk
In the UK, 1 in 2 people born after 1960 will be diagnosed with some form of cancer during their lifetime.
*Source: CancerResearchUK
Here at Prestige mortgage solutions’ we offer advice to help Mums and Dads to find the right life insurance and critical illness cover for the whole family. It’s quick and easy and means your family is protected financially if anything should happen.
Is Critical Illness Cover Right for You?
If you’re the main household earner or if your income is required to keep you and your family secure, it’s a good idea to get some kind of financial protection in case of sickness.
If you think that you have a chance of illness in future, we recommended that you invest in specialist illness cover. While this may end up in higher rates, it guarantees financial stability should you become ill.
Critical illness cover is generally included in many life insurance policies, but it’s worth double checking to see what they actually cover. We’ll help you look at the options available to you, find you excellent policy rates, and give you concise advice on everything you need to know to keep yourself covered.
What is critical illness cover and how does it work?
Critical illness cover (CIC) is an insurance policy designed to support you financially through periods of critical or terminal illness. If you make a valid claim, you receive a payment that can be used in any way you choose — whether that's meeting everyday expenses or easing the pressure by paying off financial burdens like your mortgage.
What illnesses does critical illness cover typically include?
Policies vary, but most cover serious conditions such as cancer, heart attack, and stroke, along with a defined list of other critical illnesses. Cover can also include a payout for permanent paralysis resulting from a workplace accident or sickness. Each insurer's list differs, so we'll help you check exactly what a policy does — and doesn't — cover before you commit.
Do I need critical illness cover if I already have life insurance?
They protect against different things: life insurance pays out on death, while critical illness cover pays out while you're still alive but seriously ill and potentially unable to work. Critical illness cover is often included within life insurance policies, but it's worth double-checking what yours actually covers — we'll review your existing policy and see whether you'd get more for your money by combining the two.
Is critical illness cover worth it?
For many people, yes. In the UK, 1 in 2 people born after 1960 will be diagnosed with some form of cancer during their lifetime, and every 22 minutes a child in the UK loses a parent they depend on financially. If you're the main household earner, a lump sum payout could be the difference between financial stability and serious hardship during an already difficult time.
How much does critical illness cover cost?
Premiums depend on your age, health, medical and family history, smoker status, the level of cover, and the policy term. If you have a higher chance of illness, specialist cover may mean higher rates — but it guarantees financial stability should you become ill. We'll compare options across insurers to find you excellent policy rates for your circumstances and budget.
Can I get critical illness cover for my whole family?
Yes. At Prestige Mortgage Solutions, we help Mums and Dads find the right life insurance and critical illness cover for the whole family — it's quick and easy, and it means your family is protected financially if anything should happen. Our consultations are free and no-obligation. As with all insurance policies, conditions and exclusions will apply.