Critical Illness Insurance

It is expected one in two people will be diagnosed with some form of cancer during their lifetime (Source: info.cancerresearchuk.org). The good news is serious illnesses may not prove fatal due to medical advances over the years. However, they can still have a major impact on your life especially if you have credit commitments.

Legal and General paid over £3.8 billion paid out in total over the last five years. In 2022, Legal and General paid out on 17,768 claims

Critical Illness cover pays a lump sum on diagnosis with a qualifying critical illness. A lump sum payment towards the mortgage eases financial worries during traumatic times.

The lump sum received can help towards:

Cost of the care and treatment
Any recovery aids
Financial debt i.e. mortgage
Cost of dependants

Typical critical insurance covers

Alzheimer's Disease - resulting in permanent symptoms
Aorta Graft Surgery - requiring surgical replacement
Aplastic Anaemia - with permanent bone marrow failure
Bacterial Meningitis - resulting in permanent symptoms
Benign Brain Tumour - resulting in permanent symptoms
Blindness - permanent and irreversible
Cancer - excluding less advanced cases
Cardiomyopathy - of specified severity
Coma - resulting in permanent symptoms
Coronary Artery By-Pass Grafts - with surgery to divide the breastbone
Creutzfeldt-Jakob Disease (CJD) - resulting in permanent symptoms
Deafness - permanent and irreversible
Dementia - resulting in permanent symptoms
Encephalitis - resulting in permanent symptoms
Heart Attack - of specified severity
Heart Valve Replacement or Repair - with surgery to divide the breastbone
HIV infection - caught from a blood transfusion, physical assault or accident at work
Kidney failure -requiring dialysis
Liver failure - of advanced stage
Loss of hands or feet - permanent physical severance
Loss of Speech - permanent and irreversible
Major Organ Transplant
Motor Neurone Disease - resulting in permanent symptoms
Multiple Sclerosis - with persisting symptoms
Paralysis of limbs - total and irreversible
Parkinson's Disease - resulting in permanent symptoms
Primary Pulmonary Hypertension - of specified severity
Progressive Supranuclear Palsy - resulting in permanent symptoms
Respiratory failure - of advanced stage
Stroke - resulting in permanent symptoms
Systemic Lupus Erythematosus - with severe complications
Terminal Illness
Third Degree Burns - covering 20% of the body's surface area
Total and Permanent Disability
Traumatic head injury - resulting in permanent symptoms

We Know Mortgages Ltd have access to the whole market for insurance. We Know Mortgages Ltd are agents with Aviva, Aegon, Friends Life, Legal and General, Zurich. We can source the most suitable products at competitive prices which could you save you time and money. Speak to one of our insurance advisers.

If you would like a quote on critical illness cover, please click here and submit your details.

Critical illness plans may not cover all the definitions of a critical illness. The definitions vary between product providers and will be described in the key features and policy document if you go ahead with a plan.