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Critical Illness Cover

Choosing the Right Critical Illness Cover

A serious illness changes life in an instant. Critical Illness Cover helps protect your finances so you can focus on treatment and recovery.

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This cover pays a tax free lump sum if you are diagnosed with a specified serious illness such as cancer, heart attack, or stroke. The payout can help with treatment costs, household bills, childcare, or income replacement while you are unable to work.

Payouts for Critical Illness Cover

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We start by understanding your financial goals and needs. Our experts analyze your situation to provide tailored mortgage solutions that fit your requirements.

After a thorough review, we offer personalized recommendations. We present you with the best mortgage options available, ensuring you make an informed decision.

Once you've chosen a mortgage, we assist you in finalizing the paperwork and securing your loan. We handle the process efficiently, making your experience seamless.

Why Choose Greenshoots Financial

All insurers offer different levels of protection. Small differences in definitions can have a major impact on whether a claim is paid.

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We compare the full market, review the small print for you, and match you with policies that offer strong coverage and high payout rates. Our advice is independent and there is no fee for our service. We are paid by the insurer if you take out a policy.

Why Choose Critical Illness Cover

Financial support
 

Helps with mortgage payments, rent, liabilities, or day-to-day bills during illness.

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Tax-free lump sum
 

Use the payout for treatment, rehabilitation, childcare, travel, or adapting your home.

 

Extra benefits

 

Some plans include fracture cover or children’s critical illness cover. Children’s cover is often provided up to £25,000 per child.

 

Peace of mind
 

Gives you a financial buffer during one of life’s hardest moments.

Combine with life cover


Many clients add Critical Illness Cover to their life insurance for wider protection.

 

Please note that these plans do not have a cash-in value and will stop if premiums cease.

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What Critical Illness Cover Usually Includes

Each insurer has its own list of covered conditions and its own definitions. Most policies cover:

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  • Cancer

  • Heart attack

  • Stroke

  • Multiple sclerosis

  • Organ transplant

  • Parkinson’s disease

  • Alzheimer’s disease

  • Loss of limbs

  • Loss of sight or severe visual impairment

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Anything not listed in an insurer’s terms is not covered. If you are unsure whether your condition may be included, we can guide you and compare policies for you.

How Much Does Critical Illness Cover Cost

Critical Illness Cover is usually more expensive than life insurance. This is because the likelihood of a serious illness is higher than the likelihood of death during the same period. Premiums depend on:

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  • Age

  • Weight

  • Lifestyle

  • Medical history

  • Occupation

  • Family medical history

  • Length of the policy

  • Amount of cover

 

Please note that these plans do not have a cash-in value and will stop if payments cease.

Who Might Need Critical Illness Cover

Critical Illness Cover may be suitable if you:

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  • Rely on your income to support yourself or your family

  • Have limited savings

  • Are self employed or do not receive sick pay

  • Have a mortgage or other regular financial commitments

 

Around 1 in 2 people will experience cancer during their lifetime.
Source: Cancer Research UK, July 2023.

 

Critical Illness Cover gives you financial support if you receive a diagnosis of a serious condition. It helps cover your mortgage and essential bills at a time when your focus should be on your health and your family.

How Much Cover Should You Consider?

It depends on your situation, but many people think about:

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  • Mortgage balance or loans

  • Household expenses and food costs

  • Childcare and education

  • Potential private medical treatment

  • Time away from work

 

We can provide personalised quotes based on your needs.

 

Although each insurer varies, Critical Illness Cover usually:

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  • Does not cover minor or temporary conditions

  • May exclude pre-existing conditions

  • Does not cover death unless combined with life insurance

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GreenShoots Financial Ltd, 133 Glasgow Road, Bathgate, EH48 2QN

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

 

Greenshoots Financial Ltd is Registered in Scotland with Company number SC553850 and registered at 133 Glasgow Road, Bathgate, Scotland, EH48 2QN. We are authorised and regulated by the Financial Conduct Authority and entered on the Financial Services Register. Click here for the FCA Register Reference 772313. Please note that the Financial Conduct Authority does not regulate some forms of buy-to-let mortgages.

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To register a complaint, please email donna@greenshootsfinancial.com or telephone 01506 537111.
A summary of our internal complaints handling procedures for reasonable and prompt complaint handling is available on request. If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 023 4 567.

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Please note that when you leave Greenshoots Financial Ltd.'s website, whether following a link or leaving the site, we cannot be held responsible for the content of this external website.

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