Critical Illness Insurance
Critical Illness Insurance is a policy that pays out a tax free lump sum of money upon diagnosis of a specified critical illness, giving you peace of mind when you need it most. When you suffer from a critical illness it can seriously affect you financially and the last thing that you would need is to face not being able to pay bills or make mortgage payments.
If you suffered from a serious illness, you may suffer a loss of earnings through being unable to work and may need to change your lifestyle to account for the results of the illness. Many people who suffer a critical illness need to make modifications to their homes and also have their income limited so they need to pay off their liabilities.
There are 2 main types of Critical Illness Insurance:
- Level Term Critical Illness: With Level Critical Illness Cover, the sum assured is guaranteed and therefore remains unchanged throughout the term of the policy. It's often used to cover interest only mortgages/loans and for family protection.
- Decreasing Critical Illness / Mortgage Critical Illness: With Mortgage Critical Illness Cover, the sum assured decreases throughout the term of the policy. It is often used to protect capital and interest repayments on a mortgage or loan.
Here at Top Quote Online we allow you to instantly compare the leading critical illness policies in the UK. You can get an Instant Critical Illness Quote Online or speak to one of our qualified advisor by calling us free on 0808 1782777.