What is critical illness life cover?

Critical illness life cover is a combination of two popular insurance policies, to give you total peace of mind that your family will be looked after financially should the worst happen to you.

Life insurance will pay out a lump sum payment to your family in the unfortunate event of your death, and will provide your family with much needed finances to replace the lost income as a result of your death.

Critical illness cover offers protection financially if you are diagnosed with a critical illness, and pays out a lump sum to you to help replace lost earnings, or to pay for private medical care to make your medical treatment more comfortable.

Why do I need critical illness life cover?

When you have a mortgage to pay or children to look after, you have financial responsibilities and you have to ask yourself what would happen to your family financially if you stopped working and didn’t earn any money.

In 95% of situations, the family would simply be unable to cope, and would have to sell their home and downsize. Many worst case scenarios have involved families being unable to meet mortgage payments and having their home repossessed.

The money from critical illness life cover will make up for your lack of income, allowing your family to carry on living in the same house, and supporting them financially while they do so.

The payout for life insurance is far greater as you will never be able to earn again, and in many cases is enough to pay off a mortgage and provide for the family until they get back on their feet.

You choose the level of cover you need based on your own families financial needs, and the amount that you contribute to the family finances.

Where can I buy critical illness life cover?

You can buy critical illness life cover on this website for yourself, and your partner. Even if your partner does not work, the time they spend looking after children is worth money, as you would need childcare if they were not around.

Critical illness life cover offers you and your family peace of mind, and you can sleep at night and enjoy life knowing that should the worst happen, your family will at least be looked after if you are unable to do so anymore.

When you are looking at taking out a critical illness policy you may also want to consider serious illness cover as well.