Is critical illness worth the cover?

No-one wants to think they may become critically ill; however, sadly, it happens for many of us. Advances in medical science mean that illnesses are being detected earlier, and survival rates are improving, but this presents financial challenges. It is during this difficult time that a critical illness policy can help, giving you the ability to focus on what is important – making a full recovery - rather than worrying about how you or your family will pay the bills.s.

A critical illness cover is a form of insurance that provides a tax-free lump sum if you are diagnosed with a specified illness or medical condition during the term of the policy. For example, according to Cancer Research UK, one in two people will be diagnosed with cancer in their lifetime, and cancer survival in the UK has doubled in the last 40 years. While some may recover and return to full-time work, many will not, and those unable to return to work may not only need protection from loss of earnings but also their physical condition may well produce additional expenses.

With insurers paying out over 97% of all claims, critical illness cover can provide peace of mind that you don’t have to worry about your financial situation at what is already likely to be a stressful time.

You can take out standalone cover, or you can typically add it to any life insurance policy. The younger you are when you start the policy, the cheaper it is likely to be. We know that customers can sometimes feel that critical illness cover can be complicated and confusing, which is why we work closely with our providers to deliver the right breadth and level of protection to support you and your loved ones and ensure the definitions are simple to understand.

With any insurance policy, it’s essential to understand what the policy covers and with a critical illness, it is necessary to know what is included and what is considered an exclusion. However, we are here to help you completely understand all the detail, and that you are matched with the right provider and cover.

Premiums range depending on your age and medical history, and we ensure your budget affordability at the off-set. There is no denying the cover can be costlier than an equivalent life cover amount - but that is because people are more likely to claim for it. However, many insurers also offer children’s critical illness cover at no extra charge with varying degrees of pay-outs.

There is a range of options available regarding the type of cover, the sum insured, age and medical history and in most cases for a relatively small monthly premium, you can secure a level of support against the short to the medium-term impact of serious illness. On any successful claim, it is up to you how you spend your money, whether that be for adaptions to your home for any needs, clearing debts or paying medical bills.

These conversations can be daunting for most of us; however, what is important is ensuring you and your family has the right level of support at the time you need it most, so you can concentrate on getting better. Just speak to our team who will be happy to discuss what options are available to you.

GreenShoots Financial Ltd, Bathgate Business Centre,  6 Whitburn Road, Bathgate, West Lothian, EH48 1HH

GreenShoots Financial Ltd is authorised and regulated by the Financial Conduct Authority and is a Registered in Scotland with Company number: SC553850. The Registered Address is 93 South Bridge Street, Bathgate, West Lothian Scotland EH48 1TJ.


Authorised and regulated by the Financial Conduct Authority, Greenshoots Financial Ltd is entered on the Financial Services Register under reference 772313.

The guidance contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.  A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at or by contacting them on 0800 023 4 567

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