Critical Illness

Critical illness insurance (also known as cover or protection) can offer a degree of financial security, to cover you or your partner in the event of becoming seriously ill. Critical illness cover pays a tax-free lump sum if you’re diagnosed with a defined critical illness during the policy term.

Critical illness cover is often available as a combined policy with term life insurance. In these instances, you can often only claim once. For example, if you get a cash payout after being diagnosed with cancer, the policy is effectively finished. There is usually no life insurance payout if you die at a later date. As part of the research we carry out on your behalf we will make sure that the policy recommended meets your needs and objectives with regards to this.

Different people will need critical illness cover for a variety of reasons

If you’re single, you might want a policy to ensure your mortgage is paid, and some form of cover is often a requirement of the mortgage application. If you have children, you may want to ensure your family is provided for if you can’t work due to ill health.

Recovering from a critical illness can also mean extra costs for you and your family e.g. making changes to your home or car. Your payout could be used to cover this. During or after a serious illness focusing on what is important to you and your family is in most cases a more immediate need than returning to work to “pay the bills” we have found.

“After my husband changed jobs the life cover available through his new employer was not at the same level. We explained the situation to Stonehill who reviewed what we required and researched available products. As it happened the policy that we decided upon included Critical Illness, something that we didn’t have before. 4 years after starting the plan my husband fell ill and we were in a position where we were able to make a claim and the pay-out received took away some of the financial burden for the family so as we could focus on my husband’s recovery and not rushing back to work.”  Rachel Thompson

The price you pay for a Critical Illness policy depends on a number of things. These include:

Your age
Your health
Your lifestyle
Whether you smoke
The length of the policy

For example, the younger you are and the less likely you’re to die from a medical condition, the cheaper your policy is likely to be. We will use this information to research the marketplace to find the cheapest and most suitable policy to meet your needs.

Mark Thompson is our expert on Critical Illness Protection and is always happy to have an initial no-strings conversation over the phone on 07393 968 194 or via email at

The guidance and advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

Your home may be repossessed if you do not keep up repayments on your mortgage.

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