Critical Illness cover is an insurance plan that will pay a tax free lump sum of money on diagnosis of having one of the insurers specified critical illness during term of policy. This insurance cover allows you to pay your medical bills, as well as your mortgage and providing income for the family.

Criticalillnesscover-4u.co.uk has teamed up with brokers that will search insurance providers to find the right rate for you that meets your requirements. We aim to quote you a cover within minutes, simply complete our application form to receive quotes that cover your requirements with an option to buy online.

 

                    

 

Latest Article

Cancer accounts for over half of first-time CII claims Posted on : 16/05/2012

Recent figures indicate that cancer has accounted for over half of critical illness insurance claims by Americans in the last year alone. Over one million Americans now own a critical illness policy, which provides them with the peace of mind that they will be covered if they found themselves seriously ill and unable to work. Half of the claims came from those who were under the age of 55, according to figures from  the 2012 Critical Illness Insurance Buyer & Claimant Study published by the American Association for Critical Illness Insurance and General Re Life Corporation. Speaking to healthcare global.com, Jesse Slome, Director of the trade organisation said:

"Roughly 13 percent of policyholders who received critical illness insurance benefits last year were younger than 45. Critical illness insurance is gaining traction among individuals in their 30s and 40s who want to supplement their high deductible health insurance plans."
The figures indicated a drastic year-to-year increase in the number of critical illness insurance claims paid to policyholders between the ages of 35 and 44.  Eight percent of new claims by men and 10 percent by women occurred last year, compared to just four percent outlined in last year's study. Also speaking to healthcareglobal.com, Ken Smith, Director, Health Product Sales for Assurity Life Insurance said:
"Every year millions of Americans hear the dreaded words you have cancer or had a heart attack. The majority today survive but roughly two-thirds of U.S. bankruptcies are due to uncovered medical expenses and lost income. The first critical illness insurance became available in the U.S. around 1996"

Critical Illness - your questions, answered Posted on : 08/05/2012

Critical illness cover could be one of the most life-changing policies you could have take out to cover yourself or members in the future. However, making sure you are getting the right policy for your needs is paramount as when taking out anything from this to car insurance. Think Money.com has put together a list of the questions you may find yourself asking when considering taking out such n important policy: How much financial support could it provide? If you have an active critical illness policy, and you are diagnosed with an eligible critical illness, you and your family will receive a tax free lump sum from your insurer. You can use this money however you see fit - for example, you may want help with your mortgage payments, childcare or medical costs. The size of the payout is determined by a number of factors but as a rule, the larger you want the end sum to be, the more you will need to pay per month. The size of your monthly premiums can also be influenced by your personal details. The cost of critical illness cover is commonly influenced by your age, gender, occupation and medical history. You may also have to pay higher premiums if you are a smoker or have a high BMI (body mass index). If your insurer thinks that you are more likely to make a claim, they may charge you more for your insurance. What will be covered? The range of illnesses covered varies depending on your policy. To be classed as a critical illness policy, it must at least cover cancer, stroke and heart attack. The Association of British Insurers (ABI) has also outlined around 23 conditions that they recommend insurers should cover. This list includes kidney failure, major organ transplant, Alzheimer's, multiple sclerosis, blindness and deafness. The more illnesses your policy covers, the more it could cost. You may wish to find a policy that covers a range of illnesses that could affect you. It may also be sensible, however, to avoid expensive policies if you don't think you are at risk from the majority of illnesses it covers. Depending on the policy, your children could also be covered at no additional cost. What won't be covered? The majority of policies have detailed definitions of what is and is not covered. For example, although your policy will cover cancer, many insurers do not pay out for less advanced cases. Conditions such as stroke, heart attack and multiple sclerosis often need to cause permanent symptoms for the policy to pay out. Other common exclusions include illnesses and conditions caused directly by:

  • Drug or alcohol abuse.
  • Illegal activity.
  • Flying, unless you were a passenger in a commercially licensed aircraft.
  • Extreme sports or hazardous pastimes, for example boxing or mountaineering.
  • War related activities.
  • Self inflicted injuries.