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Critical Illness Cover

Critical illness cover is a type of insurance that protects you should you become critically ill during the term of the policy. This insurance policy pays out a tax-free lump sum that you can use in whichever way you wish. So, whether you need help covering health-related costs, monthly expenses or a lost income whilst you recover, your critical illness insurance policy provides you with a financial safety net. 

Critical illness cover FAQs

If you are looking for personal financial protection, it can seem like a minefield. There are lots of different types of insurance policies available and a variety of companies providing them. The three most common types include life cover, income protection and critical illness insurance. Here at Suttons IFA, we offer advice on all three and can help you identify which policy best suits your personal circumstances. 

How does a critical illness policy work?

If you have decided that a critical illness policy is the right thing for you, you may be interested in learning more about how the policy actually works. Typically, with critical illness cover, you pay a monthly premium for the term of the policy. If you are diagnosed with any of the conditions covered in your policy during that time, your insurance provider will pay out a tax-free lump sum. 

Suttons IFA are specialists when it comes to financial planning and have access to the whole market. This means that we can advise you on which cover is right for you and get you the best rates. 

Do I need critical illness cover?

When it comes to any form of personal financial protection, whilst you don’t need to have it, it is recommended that you do if you want to ensure that you, your loved ones and your assets are protected. You can never know exactly what is round the corner when it comes to health, and whilst it isn’t pleasant to think about, you can make sure that you are financially prepared just in case. 

Consider the expenses you would need to cover even if you became critically ill and couldn’t work. This might be monthly outgoings such as rent, mortgage payments, bills or loan repayments. If you don’t have sufficient savings in place, you might not have anything to fall back on. Critical illness insurance offers you financial peace of mind knowing that you are protected should you develop a critical illness. 

What does a critical illness policy typically cover?

A critical illness policy is a type of cover that pays out a lump sum should you fall critically ill during your policy term for a condition included in your plan. The diagnosis of the following conditions tend to be covered under most critical illness plans:


  • Cancer
  • Organ transplant
  • Heart attack
  • Stroke
  • Paralysis

What are the most common critical illness claims? 

Although many critical illness cover providers offer protection for a range of critical illnesses, the bulk of the claims tend to come from cancer patients or those who have suffered from heart attacks, strokes, multiple sclerosis and Parkinson’s. Despite this, it is important to remember that everyone is different and your family health history should be considered. 

What are the benefits of having a critical illness policy in place?

  • Financial support if you are diagnosed with one of the conditions included in the policy.
  • Provides you with a tax-free, one of payment that can help you pay for treatment, your mortgage, rent or changes to your home such as wheelchair access (should you need it).
  • Peace of mind if you don’t have substantial savings.
  • Allows you to take care of any dependents that rely on you financially.
  • Freedom to spend the pay-out on what best suits your needs. 
  • The rate of pay-out is generally high.
  • You should be able to cover your children at no extra cost.

Where to get critical illness cover?

Whether you have already decided that this is the right policy for you and are looking for a provider, or simply want advice, Suttons IFA are here to help. We can provide you with advice on how to ensure you and your loved ones are protected, whatever happens. Our specialist team can find you the best policy to fit your needs. 

Talk to a critical illness cover expert

If you are considering this cover and want specialist advice, contact a Suttons specialist today, for free. We offer free and impartial advice. Our advisors will work closely with you, talking you through each critical illness insurance policy and can recommend which one is best for you based on your personal circumstances. Call us on 0161 969 1703 or fill out the contact form.