Cookie Use

Drewberry™ uses cookies to offer you the best experience online. By continuing to use our website you agree to the use of cookies. If you would like to know more about cookies and how to manage them please view our privacycookie policy.

What Does Critical Illness Insurance Cover?

I’ve just taken out a mortgage and think I could do with some insurance to pay the rest of the mortgage if i’m to become ill. I’ve heard of Critical Illness Insurance – what is it and what does it cover?

Question asked by Gemma Boughey

Critical Illness Cover is an insurance which pays out a tax-free lump sum if you are diagnosed with one of a range of conditions (typically between 30-50 medical conditions depending on the insurer).

These conditions vary from insurer to insurer and are defined in the policy documentation but there are seven core conditions that are covered by most critical illness policies which are cancer, coronary artery bypass, heart attack, kidney failure, major organ transplant, multiple sclerosis and stroke.

If you become critically ill with a condition that meets the definition laid out in the insurer’s terms and conditions, then you’ll be able to make a claim and receive a payout to clear your mortgage.

Of course, this is a rather narrow cover in that it only covers critical illnesses and of a severity determined by your policy.

There are many non-critical illnesses that could nonetheless prevent you from working, from a bad back to a mental health condition, which wouldn’t be covered by Critical Illness Insurance.

As such, Drewberry often recommends clients at least consider Income Protection as an option. This policy pays out a monthly income equivalent to a proportion of your income if you’re unable to work for any medical reason, rather than the condition needing to be critical.

Ask your adviser about the difference between Critical Illness Cover and Income Protection today.

Drew was incredibly helpful all the way along and very responsive and patient with any questions I had (which were many). He was able to get me a much better deal on my new health insurance than I had been able to get online. A success all round!

Francesc Sale
07/06/2019
Compare Top 10 UK Insurers
Takes approx. 60 seconds

Or call us on 0208 432 7333

Compare Top UK Insurer Quotes Logos
Contact Us
Head Office & Pensions and Investments
Millennium Bridge House
2 Lambeth Hill
London
EC4V 4GG
Personal Insurance & Accounts Payable
Telecom House
125-135 Preston Road
Brighton
BN1 6AF
Drewberry London Office MapDrewberry Brighton Office Map
Our Core Principles
  • 1You Come FirstWe are a client focused business who always aim to put you first.
  • 2We are ExpertsTo provide you with the best advice, we need to know our stuff!
  • 3We are HumanWe are real people with feelings who are here to help you.
  • 4We are ProfessionalProviding a 5-star service requires a professional approach to everything we do.
  • 5We are here to EducateWe don't believe in sales, we are here to educate so you can make informed decisions.