Published by Joe Davine on
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How to figure out if you need critical illness insurance

Critical illness cover is a good idea for anyone who helps provide for dependents. What would your family or loved ones do if you were to fall severely ill and could no longer work? If you’re unsure, critical illness cover might be the answer you’re looking for. If you become critically ill, you would receive a tax-free lump-sum to ensure that you’re still able to provide for them, even if you can’t work.

You probably can. But, first of all, you need to ask yourself 'Is critical illness cover right for me?'. Anyone between the ages of 18 and 70 can get critical illness cover, as long as they do not already have a critical illness. If you already have a critical illness, you may still qualify with some providers, but the coverage will not cover any illnesses for which you’ve already been diagnosed.

In order to apply for critical illness cover, you must:

  • Be a UK resident or citizen
  • Be over the age of 18
  • Be under the age of 70 (many providers will require you to be under 60 or 65)

Do I need to have life insurance in order to get critical illness cover?

Not always, but with many providers, yes.

It’s rare to find critical illness cover that’s not bundled with another protection plan, such as life insurance or mortgage term assurance.

What if my employer offers benefits that pay out in case of illness?

You may not need critical illness cover, but check the terms of your benefits carefully to be sure. You might be offered payment for a short period of time, or in the case of temporary illness, but it’s not necessarily enough to cover a long-term or permanent medical condition. Usually, employer benefits only cover a percentage of your income as well.

What if a critical illness runs in my family?

Critical illness cover won’t cover any illnesses you’ve been diagnosed with before. Some providers will even ask for your family medical history, and your coverage may exclude any genetic illnesses that run in your family as well. What if I make a full recovery and go back to work? Once your critical illness cover is paid out, it is yours to keep. If you eventually recover and go back to work, nothing changes.

Do I need critical illness cover if I’m single?

Maybe. While your financial burden would be much greater if you had a family, you may want to consider critical illness cover to assist with covering any personal expenses if you’re unable to work. However, many people who are unmarried and without children are able to save up enough money for medical emergencies.

Do I need critical illness cover if I don’t have kids?

If you support a spouse, parent, sibling, or other loved one, you should still consider critical illness cover, as they will struggle financially without your assistance.

Do I need critical illness cover if I’m a single parent?

It is a good idea. If you’re ill and unable to work, how will you provide for your children? If you don’t have an answer to that question, you should consider critical illness cover.

How can I get covered now?

This one's easy! Click the button below to get yourself a free life insurance quote.

Is critical illness cover right for me? If yes, then get your free quote now!