Protection for you and your loved ones

Critical Illness Cover


Protecting against the financial impact that a serious illness can cause

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.

Who needs Critical Illness Cover?

A critical illness can affect anyone at any age and can turn lives upside down. In the event of being unable to work due to critical illness, having a backup plan in place can alleviate some of the financial stress of the situation.

Some people may use their savings to supplement their loss of income, others may rely on an employee benefits package, while others may find that Critical Illness Cover is their best option.

Things to consider

How much cover do I need?

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
Your medical history

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.

[1] Data Collection from Semrush and Google Trends in September 2022 – LifeSearch 02.10.22


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