Critical Illness Cover

People are increasingly becoming more concerned about the possibility of being affected by a critical illness such as cancer, stroke or heart attack, according to new research findings [1]. This is reflected in the fact that searches for ‘critical illness insurance’ have skyrocketed, with, on average, 6,800 people searching for ‘critical illness cover’ every month, mostly asked on Google.

With rising rates of serious illnesses like cancer (one in two chance of getting it at some point in one’s lifetime, according to NHS estimates [2]), people are becoming more aware of their need to be covered and secure proper protection against critical illnesses. In challenging times, the number one priority is to support those you love. The data is clearly highlighting that increasingly people want to find out more about how to protect their loved ones, especially if they become ill or seriously injured.

Critical illness insurance is typically taken out alongside other types of insurance, such as life insurance or income protection. It’s often combined with a life insurance policy.

The amount of cover you need will depend on your:

• debts
• dependants
• work benefits
• take-home pay
• mortgage/rent payments
• other insurance products you have

It’s important to give accurate information when considering Critical Illness Cover.

If you need to make a claim, the provider will check your medical history. If you didn’t answer truthfully or you didn’t disclose something, your claim could be rejected.

More information on Critical Illness Cover can be found here on the Moneyhelper website.