Critical illness insurance providers – the leading contenders
There are a wide range of critical illness insurance providers in the UK. As independent financial advisers, Principle First’s insurance team can research the whole market to identify which critical illness insurance provider is right for you.
Policies vary among the critical illness insurance companies, and while a core number of illnesses are always included in a policy, no critical illness insurance company covers precisely the same illnesses and conditions as the others. This is why quality advice from Principle First is key to finding the policy exactly suited to your personal needs.
Protect your family today with critical illness insurance. Get critical illness insurance advice or ring 0800 678 5929 now.
The Critical Illness Insurance Providers
Find out more about some of the main critical illness insurance providers:
Aegon critical illness insurance
Aegon critical illness insurance covers 36 conditions and includes free children’s critical illness insurance up to £20,000 per child. Find out more about Aegon critical illness insurance here
Aviva critical illness insurance
Aviva critical illness insurance provides cover with the added perk that your children are also covered by the policy, until they turn 18. Find out more about Aviva critical illness insurance here
AXA critical illness insurance
AXA critical illness insurance can be taken out right up to age 70, but claims can be rejected for ‘unreasonable failure to follow medical advice’.
Find out more about AXA critical illness insurance here
Bright Grey critical illness insurance
Bright Grey critical illness insurance offers cover that can increase or decrease over time. There are also regular payment options, again on an increasing or decreasing basis.
Find out more about Bright Grey critical illness insurance here
BUPA critical illness insurance
BUPA critical illness insurance covers 36 illnesses and conditions with free children’s critical illness insurance and an optional indexation feature which gradually increases the value of your cover to protect against inflation. Find out more about BUPA critical illness insurance here
Friends Provident critical illness insurance
Friends Provident critical illness insurance guarantees that your initial premium will not change during the first 5 years of your policy.
Find out more about Friends Provident critical illness insurance here
Legal and General critical illness insurance
Legal and General critical illness insurance includes additional benefits including accidental death benefit, and a 24-hour medical help line.
Find out more about Legal and General critical illness insurance here
LV critical illness insurance
LV critical illness insurance includes a waiver of premium whereby LV takes over payment of your policy if you stop work due to accident or sickness. However, it is available only bundled with life insurance cover.
Finds out more about LV critical illness insurance here
Prudential critical illness insurance
Prudential critical illness insurance is a particularly comprehensive policy covering up to 154 illnesses, and offering a severity-based insurance which may give a partial payout, in the event of a milder occurrence of a disease. Find out more about Prudential insurance here
Scottish Provident Critical Illness Insurance
Scottish Provident critical illness insurance provides free cover during the period when your application is being processed, as well as including £20,000 of free cover for your children.
Find out more about Scottish Provident critical illness insurance here
Skandia critical illness insurance
Skandia critical illness insurance includes free cover for children, where two parents with single policies can both claim for the same child. Skandia also allows you to increase your cover each year to keep it in step with inflation.
Find out more about Skandia critical illness insurance here
Zurich critical illness insurance
Zurich critical illness insurance has an option for you to refuse increases in your premium, but lessen your amount of cover instead.
Find out more about Zurich critical illness insurance here
What does critical illness insurance provide?
Critical illness insurance provides a single lump sum payment when you suffer conditions such as cancer, stroke, heart attack, tumour, or multiple sclerosis, or by the need for certain severe medical procedures.
In the UK, 1 in 4 men and 1 in 5 women will lose their income through critical illness, before they reach retirement age.
Critical illness is not limited to the elderly – one major insurer has revealed that the average age for a claim on its critical illness policies is 45, and that 70% of claimants are under 50.
With critical illness insurance, as with all insurances, the small print is critical, and is best explained by the qualified financial advisers on the Principle First critical illness team. As independent advisers, Principle First can look at the policies from each critical illness insurance company to locate the best critical illness cover for you.
You can use the Principle First critical illness calculator to work out how much critical illness insurance would be right for you. In order to cut the cost of your critical illness cover, our calculator is based on replacing your income for a convalescence period of 2 years, after which you may return to work, rather than more expensive cover that would replace your income until retirement age. Obviously, both options are open to you. Based on these calculations, and your choice of term for your cover, we can then give you a critical illness insurance quote.
While critical illness insurance is available as single or joint critical illness cover, paying a few pounds extra for 2 single policies is often worth considering, as a claim by you does not leave your spouse without cover. Our Principle First critical illness team will advise on which with critical illness insurance policy is right for you.
Other points about critical illness insurance
First, the common conditions of back pain and stress are usually not covered. Second, stroke and many other ailments are not covered in all cases. Heart attacks in particular must be of a certain level of severity, and must leave permanent symptoms. No claim will be entertained if it results from alcohol or drug abuse, criminal acts, or injuries regarded as self-inflicted.
Another factor to consider is that, due to advances in medicine, certain medical procedures that would have previously have been eligible for cover are now excluded from the policies of some critical illness cover providers.
Contact our insurance team now to ask about critical illness insurance. Make an online insurance enquiry or ring 0800 678 5929 today!
