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What is it?
Unlike life insurance, this type of cover is designed to protect you in the event you are diagnosed with a Critical illness*. The money can then be used for anything you want, whether that’s clearing the balance of a mortgage, covering medical bills or just providing a financial cushion to see you through a tough time.
The definition of a Critical Illness can and does vary amongst providers. Most policy’s available on the market will cover illnesses such as cancer, heart attacks and strokes however, the severity of those illnesses will differ between providers when it comes to what is acceptable for a claim. There are also various other illness’ that are covered under most policies however they will also differ from provider to provider.
We can search between the providers and not only compare their prices, but also we can also compare what illness’ are covered and to what level. That’s why people like to use ConsultaLife to ensure they have the right one for them.
Many policies also have optional children’s cover. This means if your child is diagnosed with a critical illness a lump sum would be paid out to help with treatment and support the family through a difficult time.
Is Critical Illness Cover for me?
Maybe. You should consider critical illness cover if…
YES! Providing all questions have been answered accurately and payments are up to date. Many insurance companies actually like to boast about their payout statistics! A policy is a contract between you and the insurance company so providing you keep your end of the deal, so will they!
NO! Providing your policy has been set up on a guaranteed basis, your price will never increase! You do have to be careful though as not all policies are set up like this. That’s why people like to use a broker to make sure you have the right one! It’s also one of the many reasons it’s usually better to get this out the way when you’re still young!
We introduce you to the insurance company and do not provide the insurance ourselves so in the unlikely event we shut our doors your policy will not be affected!
You can! There are many sites that allow you to buy insurance yourself, however what you can't buy online is the advice! There are so many options out there and when you're dealing with something as important as you and your family’s protection do you really want to take the risk?
YES! Most policies are set up for long periods of time meaning it's very likely your circumstances will change! This is why we will regularly review your policy and make sure it still ticks all the boxes!
Good question, here's a couple reasons...
The definition of a Critical Illness can and does vary amongst providers. Most policy's on the market will cover illnesses such as cancers, heart attacks or strokes. However, the severity of those illnesses differs between providers when it comes to what is acceptable for a claim. That’s why people like to use a broker to make sure they have what is right for them
ConsultaLife is a trading name of Consulta Financial Goup Limited who are an appointed representative of Manage Your Mortgage LTD. We are authorised and regulated by the Financial Conduct Authority
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