Quick Answer
Why Should I Get Critical Illness Cover?
Reviewed by Jay Sabine – CeMAP Qualified – 29 years experience
Critical illness pays a tax-free lump sum when you need it most. Clear your mortgage, fund treatment, protect your family's finances. 92% of claims are paid. Average payout £67,000.
Critical illness insurance provides financial security when you're diagnosed with a serious condition. The lump sum payment gives you options: pay off your mortgage, fund private treatment, make home adaptations, or simply cover living expenses while you recover.
Key Points
- 1Tax-free lump sum - no deductions
- 2Average UK payout: £67,000
- 3Clear mortgage and debts
- 4Fund private treatment options
- 592% of claims paid successfully
- 6Use the money however you choose
Eligibility Criteria
- Diagnosis must meet policy definition
- Condition occurs after policy starts
- Survival period applies (usually 14 days)
- Must be within policy term
Typical Timeframe
Claims typically pay within 4-8 weeks of diagnosis. Some conditions have faster payment tracks.
Next Steps
- 1Calculate how much cover you need
- 2Compare provider claim rates
- 3Get quotes from multiple insurers
- 4Speak to a protection adviser
Ready to discuss your options?
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ProtectionJay Sabine
CeMAP Qualified
29 Years Experience
Content reviewed: January 2026