Critical Illness

Critical illness cover (CIC) is designed to provide a lump sum in order to help you to maintain your financial security in the event you are diagnosed with a critical illness.

The tax free lump sum paid out is normally used to help with the cost of recovery or adjustments that might be needed to help you to adapt financially. For example, you might use the payment for private medical treatment, to pay-off your mortgage, or to make alterations to your home. Ultimately, you decide what to spend the money on.

When you buy critical illness cover, you will need to provide the insurer with full details of your medical history. Depending on the policy, you may not be covered for any pre-existing medical conditions you have.

You will also need to think about how much cover you need. When doing this, consider any savings you already have in place, as well as what benefits your employer might pay out if you’re unable to work due to serious illness or disability. Critical illness cover can either be for a fixed lump sum or, if you’re taking it out alongside a mortgage, you can arrange for cover to reduce in line with your mortgage balance, known as ‘decreasing’ cover.

The premium you will need to pay will be based on a variety of factors which usually includes the level of cover required, how long you want that cover to be in place for, your age, your occupation, gender, and whether or not you smoke.

For an initial consultation with no obligation complete and send this form to us and one of the team members will call you back.