David Allan

Experly compared by David Allan

Products Updated April 20, 2018

Critical Illness Life Insurance

Our approved life insurance experts will help you get a great deal on cricial ilness cover thats just right for you. They’ll compare the market to ensure you get the best possible deal.

FREE life insurance advice and comparison. Our experts can help find you a great deal from providers across the whole marketplace:

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All credit types
Rated 4.8/ 5

Lifes Great Why?
Why?

This provider is our Expert’s Choice in its category as it won tops marks for the following.

  • TRUST
  • VALUE
  • EXPERTISE & KNOWLEDGE
  • CUSTOMER SERVICE

Learn more about how we review and assess the providers here on Lending Expert.

Provider
Lifes Great

Products
Life Insurance

Speciality
Compares The Market

Whether you are looking for a cash lump sum payout or decreasing term mortgage life insurance, Lifes Great can provide you with a quote and a recommendation in under a minute. Free to use and you are under no obligation to proceed with any quote given.

Available via broker only
All credit types
Rated 4.2/ 5

Zurich

Provider
Zurich Life Insurance

Products
Life Insurance

Speciality
Life Insurance

Zurich Life Insurance will pay out a cash sum if you die during the term of the policy, or if you are diagnosed with a terminal illness and are expected to live for less than 12 months. Plans can be tailored with optional extras to suit your individual requirements and to provide added peace of mind.

Available via broker only
All credit types
Rated 4.7/ 5

Friends Life

Provider
Friends Life

Products
Life Insurance

Speciality
Life Insurance

Friends Life is now part of the Aviva Group. Get the cover you need to protect your family and loved ones when you're no longer around.

Available via broker only
All credit types
Rated 4.5/ 5

LV

Provider
Liverpool Victoria

Products
Life Insurance

Speciality
Life Insurance

Life insurance from Liverpool Victoria will pay a lump sum should the worst happen, so you will have peace of mind that your family and loved ones will be financially protected when you’re no longer here. Even superheroes need protection.

Available via broker only
All credit types
Rated 4.6/ 5

Legal & General

Provider
Legal & General

Products
Life Insurance

Speciality
Life Insurance

Life cover or life assurance helps you to financially protect the future of your loved ones. Life Insurance from Legal and General offers reassurance that your loved ones or family will still be looked after financially should the worst happen.

Available via broker only
All credit types
Rated 4.5/ 5

Royal London

Provider
Royal London

Products
Life Insurance

Speciality
Life Insurance

With a policy in place with Royal London , you can leave money to your loved ones when you pass away, to help protect your family financially. Get a free quote or apply online.

Available via broker only
All credit types
Rated 4.6/ 5

Ageon

Provider
Ageon Life Insurance

Products
Life Insurance

Speciality
Life Insurance

Ageon is here to help you reach your goals at every stage of your life. Part of that involves putting plans in place to adequately protect and insure you against the unexpected things in life.

Learn More Available via broker only
All credit types
Rated 4.6/ 5

Vitality

Provider
Vitality

Products
Life Insurance

Speciality

If the worst should happen, or you can’t work because of illness or injury, Vitality Life's 5-star Defaqto award-winning range of protection products will give you or your family payments to make things easier.

 

FAQ's

What is critical illness life insurance?

This policy was put in place to pay out a lump sum benefit should the policy holder be diagnosed of certain life threatening or debilitating illnesses.

Critical illness cover is better known as critical illness insurance and this policy covers specific illnesses that will be listed within the policy. It is a long term policy to cover any requirements and it pays out a tax free, lump sum should the worst happen which can be used to help pay off your mortgage, debts or make any amendments to your home should a change in your circumstances arise. It is completely up to you how this money is spent.

How Does it Work?

This policy is designed to pay out a lump should you obtain any illness or conditions specified within the policy but it does cover the following

All subject to policy agreements.

General government benefits may not be enough to protect you and your family should the worst happen. Depending on whether you even qualify for government benefits depends on your own circumstances, for example, how much money you have in saving or if your still working, also if you have any children in the household, therefore, having critical illness life insurance can provide peace of mind.

Here are some of the main factors to that will dictate how much your monthly premiums are;

  • Age, unfortunately the older you are the more susceptible and vulnerable you are to an illness.
  • The amount of cover you require will determine how much you pay
  • Whether or not you currently smoke or have previously smoked
  • Your occupation will be considered as some jobs carry more risks than others, for example a builder would pay more as they are more likely to injure themselves whilst at work than an accountant.

What Are The Benefits?

  • Cash lump sum can be paid out if you were to die
  • If you are diagnosed with a critical illness or condition you receive a pay out (monthly instalments is an option)
  • If you are diagnosed with a terminal illness, a pay out benefit would be released
  • You and your family are financially protected should the worst happen.
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Rating: 4.6 / 5 with 25 votes

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