We use cookies to give you the best experience and help us improve our website.

Find out more about how we use cookies.

Speak directly to our team

01603 218000
Personal Protection Financial Planning Critical illness cover

Ask yourself this – would you and your family be able to cope financially if you became ill? Critical illness cover is an insurance policy that pays out a lump sum if you’re diagnosed with a medical condition. You can use the money however you see fit, but it’s designed to financially support you and your loved ones during your diagnosis so that you don’t have to worry about bills or other financial obligations, allowing you to focus fully on your treatment.

The money you receive is usually tax-free. The list of medical conditions that are covered in a critical illness policy varies between insurers, but we’ll discuss your options with you to ensure we understand your needs and situation.

The Alan Boswell Group Difference

We aim to build long-term relationships between our clients and our independent financial advisers. We’ll take time to understand your needs, search the market, tailor a plan that suits you and find the best premium.

We aim to build long-term relationships between our clients and our independent financial advisers. We’ll take time to understand your needs, search the market and tailor a plan that suits you at a price you can afford.

Critical illness cover in detail

Critical illness cover can be a standalone policy or taken out alongside life insurance.

The length of your critical illness policy can vary, depending on your circumstance. For example, you may choose to make it match the length of your mortgage, as this can often be the financial commitment that people are most concerned about. If your mortgage payments are on your mind when taking out a critical illness policy, depending on the type of mortgage you can choose to have something called ‘decreasing cover’ – that means the money you would receive as a lump sum decreases the longer the policy lasts. Alternatively the cover can remain level throughout the term.

Key points

  • Lump sum payment on diagnosis of qualifying medical condition
  • Choose from level or decreasing cover
  • You decide how to spend your lump sum
    • Replacing or topping up a salary
    • Paying off your mortgage
    • Additional help at home following your diagnosis
  • Standard policy inclusions:
    • The conditions covered vary from amongst providers, but usually include cancer, heart attack and stroke
  • Available as a standalone policy or combined with life insurance

Get in Touch

Speak directly to our team
01603 218000
Make an enquiry Make an enquiry
Make an enquiry
Make an enquiry - Financial Advice
Make an enquiry - Financial Advice
  • Contact Details

  • If applicable
  • Enquiry Details

  • Please provide any further information you think may be relevant.
  • This field is for validation purposes and should be left unchanged.
Request a callback Request a callback
Request a callback
Callback Enquiry
Callback Enquiry
  • Contact Details

  • If applicable
  • This field is for validation purposes and should be left unchanged.

News

<? echo $entry_graphics_alt; ?>
What is Boat Insurance?

Whether you’re a seasoned sailor or a new boat owner, there’s lots to consider when it comes to insuring your boat. Our guide covers everything you need to know about boat insurance.

Read more
<? echo $entry_graphics_alt; ?>
How to protect yourself from the biggest global threat to businesses

We speak to Vijay Rathour, Head of the Digital Forensics Group at Grant Thornton, to find out how cybercrime has become the biggest global risk to businesses, what security options are available and why the best thing you can do is be prepared.

Read more
<? echo $entry_graphics_alt; ?>
A small business guide to cyber attacks 

All you need to know about cyber-attacks, along with how to prevent cybercrime and what to consider when choosing cyber liability insurance.

Read more