Critical Illness

Critical Illness Cover can help minimise the financial impact on you and your family if you become critically ill. It’s an option that can be added for an extra cost when you take out Life Insurance or Decreasing Life Insurance.

What is Critical Illness Cover?

A serious illness could happen at any time, we have the insurance solutions so you have one less thing to worry about. 

The critical illness cover we broker provides quality protection for you and your family if you become seriously ill. We know everyones illness is different so we can tailor plans and make adjustments to suit you and your situation.

What is included in the cover?

Critical illness cover includes 31 full payment conditions that pay 100% of the amount of cover, and 2 additional payments that pay 25% of cover up to £25,000. Children’s Critical Illness Cover is included as standard and Children’s Critical Illness Extra can be added for an extra cost.

What are the details?
  • Minimum cover: No minimum sum assured. Driven by minimum premium.
  • Maximum cover: The maximum amount of cover will depend on your Total and Permanent Disability definition (£3 million if Specified Work Tasks and £2 million if Own Occupation). £4,000 a month if a Family and Personal Income Plan is chosen.
  • Type of cover: Level and increasing cover is available.
  • Minimum term: 5 years.
  • Maximum term: 50 years.
  • Minimum age: 18. It is possible for a life of another policy to be taken on a 17 year old by an adult with insurable interest. This policy can then be placed in an Absolute Trust with the 17 year old as the beneficiary. Minimum age at the end of the policy is 29.
  • Maximum age: 64. Policy must end by 75th birthday.
  • Premiums: Guaranteed or reviewable depending on the type of cover.
  • Joint life policies: The cover is paid when either life insured dies or is diagnosed with a terminal illness (and our Medical Officer has confirmed the illness is expected to lead to death within 12 months) or is diagnosed with a specified critical illness, whichever occurs first.
What are the benefits and options?
  • Accident Hospitalisation Benefit: Automatically included
  • Accidental Death Benefit: Automatically included
  • Changing Your Policy (also known as Guaranteed Insurability Option): Can increase cover on certain specified events, without need for further medical evidence. Eligibility criteria and restrictions apply.
  • Other Changes: You can request to make other changes to their policy: Additional underwriting may be required
  • Joint life policy separation on divorce or dissolution of a registered civil partnership: Can be done unless a claim has been accepted
  • Children’s Critical Illness Cover: Automatically included. 
  • Wellbeing Support: Provided by RedArc Assured Limited: Automatically included
  • Fracture Cover: Optional benefit 
  • Private Diagnostics: Optional benefit 
  • Total and Permanent Disability: Can be included for an additional cost
  • Immediate Cover:  On request
  • Increasing Cover: Increasing cover is available.
  • Terminal Illness Cover: Automatically included if life expectancy is less than 12 months unless term is less than 2 years
  • Waiver of Premium: Can be included for an additional cost

What is Childrens Critical Illness Cover?

We hope we are never affected by a serious illness but in reality it can happen at any age.

Children’s Critical Illness Cover is automatically included on your policy at no extra cost. This insurance product covers many childhood cancers, stroke and benign brain tumour. Cover is valid for individuals at the age of 2 up to the age of 22 and applies to natural children, legally adopted children or stepchildren of the adult covered. This cover can be enhanced with Children’s Critical Illness Extra for an additional cost if they want more protection for an unlimited number of children.

What is included in the cover?

If illness is expected to lead to death within 12 months, Terminal Illness Cover is automatically included for all policies over two years. There is also help for when the benefit is due to be distributed, helping you stay in control of who and where payouts would be received in the event of your death by putting their payout into trusts. Payouts from policies under trust are probate-free so they are made quickly and fall outside of your estate for tax purposes. It is worth noting, this life insurance product is not a savings or investment product and has no cash value unless a valid claim is made.

What are the details?
Children’s Critical Illness Cover Children’s Critical Illness Extra
Who’s covered? Children from 30 days until 22nd birthday Cover from birth until 22nd birthday
How many children can be covered? Two No limit
Maximum cover 50% of sum insured up to £25,000 (If separate claims are made on separate policies for the same child we’ll pay out a maximum of £50,000 for that child) 50% of sum insured up to £30,000 (If separate claims are made on separate policies for the same child we’ll pay out a maximum of £60,000 for that child)
How many conditions are covered? 31 full payment and 2 additional payment conditions 76 conditions covered under Critical Illness Cover and Critical illness Extra, and a further 8 specific child critical illness conditions
Children are not covered for:
  • Pre-existing or known conditions.
  • If they die within 10 days of diagnosis.
  • Total and Permanent Disability.
  • Terminal Illness Cover.

What is Critical Illness Extra?

Get a little extra in your Critical Illness plan

We broker Critical Illness Extra for if you have an increased budget to provide some additional protection to your policy for added peace of mind.

This policy extension provides you with 48 full payment conditions that pay 100% of the amount of cover, and 28 additional payments with a pay-out of up to a maximum of £30,000 (or 50% of the sum assured, whichever is lower). In addition, our Children’s Critical Illness Cover can be upgraded to Children’s Critical Illness Extra to cover an unlimited number of children for an extra cost.

What is included in the cover?

If illness is expected to lead to death within 12 months, Terminal Illness Cover is automatically included for all policies over two years. There is also help for when the benefit is due to be distributed, helping you stay in control of who and where payouts would be received in the event of your death by putting their payout into trusts. Payouts from policies under trust are probate-free so they are made quickly and fall outside of your estate for tax purposes. It is worth noting, this life insurance product is not a savings or investment product and has no cash value unless a valid claim is made.

What are the details?
  • Minimum cover: No minimum sum assured. Driven by minimum premium.
  • Maximum cover: The maximum amount of cover will depend on your Total and Permanent Disability definition (£3 million if Specified Work Tasks and £2 million if Own Occupation). £4,000 a month if a Family and Personal Income Plan is chosen.
  • Type of cover: Level and increasing cover is available.
  • Minimum term: 5 years.
  • Maximum term: 50 years.
  • Minimum age: 18. It is possible for a life of another policy to be taken on a 17 year old by an adult with insurable interest. This policy can then be placed in an Absolute Trust with the 17 year old as the beneficiary. Minimum age at the end of the policy is 29.
  • Maximum age: 64. Policy must end by 75th birthday.
  • Premiums: Guaranteed or reviewable depending on the type of cover.
  • Joint life policies: The cover is paid when either life insured dies or is diagnosed with a terminal illness (and our Medical Officer has confirmed the illness is expected to lead to death within 12 months) or is diagnosed with a specified critical illness, whichever occurs first.
What are the benefits and options?
  • Accident Hospitalisation Benefit: Automatically included
  • Accidental Death Benefit: Automatically included
  • Changing Your Policy (also known as Guaranteed Insurability Option): Can increase cover on certain specified events, without need for further medical evidence. Eligibility criteria and restrictions apply.
  • Other Changes: You can request to make other changes to their policy: Additional underwriting may be required
  • Joint life policy separation on divorce or dissolution of a registered civil partnership: Can be done unless a claim has been accepted
  • Children’s Critical Illness Cover: Automatically included. 
  • Wellbeing Support: Provided by RedArc Assured Limited: Automatically included
  • Fracture Cover: Optional benefit 
  • Private Diagnostics: Optional benefit 
  • Total and Permanent Disability: Can be included for an additional cost
  • Immediate Cover:  On request
  • Increasing Cover: Increasing cover is available.
  • Terminal Illness Cover: Automatically included if life expectancy is less than 12 months unless term is less than 2 years
  • Waiver of Premium: Can be included for an additional cost
SPEAK TO AN ADVISOR TODAY

Get The Right Protection For You!