Spectrum Financial Advice Guide to Critical Illness Insurance Cover UK

What is critical illness insurance cover? Learn everything you should know about critical illness cover UK in our guide to critical illness insurance UK.


  1. Spectrum FA Guide to Critical Illness Insurance Cover UK
  2. What is Critical Illness Insurance Cover?
  3. How Does Critical Illness Insurance Work?
  4. What Conditions Does Critical Illness Insurance UK Cover?
  5. How Much Does Critical Illness Cover Cost?
  6. Who Should Take Out Critical Illness Cover & Why?
  7. How Can Spectrum FA Help You with Critical Illness Insurance?

Spectrum FA Guide to Critical Illness Insurance Cover UK

As experts in the field of personal protection insurance, Spectrum FA have years of experience in helping families through the process of obtaining suitable critical illness cover. But what exactly is critical illness insurance cover? Learn everything you should know about the various options of critical illness cover UK insurers offer in our comprehensive guide to critical illness insurance UK.

Contact Spectrum FA to learn more about critical illness and other personal insurance options.

What is Critical Illness Insurance Cover?

Critical illness cover/insurance is available to UK families in two forms, namely as:

  • An add-on to a life insurance policy, or as
  • A stand-alone policy

This type of cover is designed to protect your/your family’s lifestyle and financial security from the financial implications of you or another insured member of your family being diagnosed with a specified critical illness.

Covering extensive ranges of “standard” conditions (which vary between different insurance providers and their policies’ terms and conditions), policies can be taken out to cover the policyholder (you) and/or other members of the family, i.e. your wife/husband or partner. Some policies also include children’s critical illness cover, at no extra cost.

When taking out this type of insurance cover, you specify the:

  • Individual/s to be named (insured) on the policy (i.e. yourself and/or other family members)
  • Cover level (i.e. the amount to be paid out in the event of a diagnosis)
  • Term of your policy (i.e. the duration or length of time for which you wish to be covered)

In addition to their standard range of conditions, many policies also offer the option to include additional conditions and optional benefits/add-ons. You will obviously be given the choice as to whether to select these optional extras/add-ons.

Are you looking for critical illness cover for your family? Allow us to assist – contact us to request a free review today.

How Does Critical Illness Insurance Work?

Should you or another insured member of your family be diagnosed with a critical illness that is specified within the terms & conditions of your critical illness policy you/your family will receive a lump sum pay-out (the amount of which will depend on the cover level you specified when taking out the policy).

You can then use this money to help cover:

  • Your rent, mortgage and/or other loan repayments
  • Regular household bills (utilities, etc.)
  • Other expenses allowing you to maintain your usual lifestyle
  • The cost of your child/children’s education

This is, of course, especially important if the illness resulted in a complete or even partial loss of income.

Your pay-out may also help you with any additional expenses you may have to deal with as a result of this illness. Such additional expenses may, for instance, consist of:

  • Medical bills, cost of transport to/from hospitals and/or other medical/care facilities
  • Alterations to your home (which may be necessary depending on the diagnosed condition/illness)
  • Childcare or care for the person diagnosed with a serious condition and/or other dependents (i.e. elderly or other relatives requiring care for some reason or another) for whose care this person was/is responsible

Not sure how much cover you need? Request a no-obligation review (free of charge) of your family’s specific needs today.

What Conditions Does Critical Illness Insurance UK Cover?

So, what conditions or illnesses is a critical illness policy likely to cover? In addition to the standard conditions as set by the ABI (the Association of British Insurers), most policies/add-ons also cover a much wider range of different conditions. The standard (ABI) conditions covered, can include:

  • Stroke
  • Several specific, defined cancers
  • Multiple sclerosis
  • Major organ transplants
  • Major heart attacks
  • Kidney failure
  • Coronary artery bypass grafts

Additional conditions covered by policies either as part of their standard set of conditions or as optional extras may consist of:

  • Traumatic brain injuries
  • Total permanent disability
  • Total paralysis (permanent) of a limb
  • Third degree burns covering 20% of the face, the head or any other body surface area
  • Systemic lupus erythematosus (with severe complications)
  • Strokes with symptoms lasting 24 hours or longer
  • Spinal strokes
  • Respiratory (advanced stage) failure
  • Removal/loss of an eyeball
  • Progressive supranuclear palsy (permanent)
  • Primary pulmonary hypertension
  • Permanent multiple system atrophy
  • Permanent deafness
  • Permanent blindness
  • Parkinson’s disease
  • Open heart surgery (including the median sternotomy procedure)
  • Motor neurone disease
  • Loss of speech (permanent)
  • Loss (permanent) of a foot/hand
  • Liver (advanced stage) failure
  • HIV infections (if this viral disease was contracted due to contaminated blood (i.e. blood transfusions), during a physical assault or as the result of an accident at work)
  • Heart valve repairs or replacements
  • Encephalitis
  • Dementia/Alzheimer’s disease
  • Coma & associated permanent symptoms
  • CJD (Creutzfeldt-Jakob disease)
  • Cardiomyopathy
  • Benign brain tumours
  • Bacterial meningitis
  • Aplastic anaemia
  • Aorta graft surgery

Some providers’ policies also offer the option to add a diversity of other conditions as optional extras. If you would like to know more about this, please feel free to contact us today – our advisors will be happy to provide you with more detailed information.

How Much Does Critical Illness Cover Cost?

The cost of critical illness premiums depends on numerous factors including:

Age – The sad reality of life is that as you get older, your risk of developing a critical illness increases. This reality will be reflected in premium prices.

Health History – A long list of previous health problems could indicate an increased likelihood of the person in question developing a critical illness – which will again be reflected in the size of premiums.

Premiums are also likely to be higher if you/any other insured individual participates in high risk leisure activities and/or is a smoker (who would obviously be at a higher risk of developing smoking related illnesses/cancers).

High risk leisure activities may include, for example:

  • Parachuting, hang-gliding, surfing and jet skiing
    Motor or high impact sports (rugby, football, boxing, hockey/ice hockey, some martial arts, weightlifting, etc.)
  • Horse riding, scuba diving and rock climbing/mountaineering
  • Base jumping, bungee jumping, recreational boating/fishing, etc.

Premiums will also depend on the:

  • Cover level you require
  • Length (term) of cover
  • Number of people to be insured
  • Add-ons/optional extras (if any) you select
  • Number & nature of covered conditions

In addition to all this, premiums also vary between insurance providers and their specific policies’ terms & conditions. There may also be a difference between premiums for cover obtained via life insurance and cover provided via independent critical illness policies.

Finding comprehensive cover at affordable premiums can therefore be complicated and confusing. Spectrum FA can help you obtain the most comprehensive critical illness cover at the most competitively priced premiums.

To find out how, contact us for a free assessment of your family’s specific circumstances now.

Who Should Take Out Critical Illness Cover & Why?

Life is anything but predictable and critical illness can strike anyone of any age or gender at any given moment.

Unless a suitable contingency plan to protect your family in the event of an unexpected critical illness diagnosis is in place, the ramifications of such a diagnosis (i.e. loss of income, vast additional expenses – medical bills, cost of care, transport and potentially needed alterations to your home, etc.) could leave your family struggling with significant financial difficulties at what is already an extremely stressful, traumatic time for all concerned.

Critical illness cover should be considered by every individual, especially individuals with people who are financially dependent on them (partner/spouse, children, elderly or unwell relatives the family cares for, etc).

Should you have critical illness insurance? Discover how Spectrum FA can help you obtain a reliable policy with competitive premiums by requesting a free, no-obligation review of your situation now.

How Can Spectrum FA Help You with Critical Illness Insurance?

We have access to a range of insurance providers and their most comprehensive and reliable policies. We will also ensure that premiums are affordable and competitively priced.

This, combined with our in-depth personal protection insurance knowledge and years of experience in helping families obtain critical illness insurance, enables us to recommend and arrange suitable policies that protect you and your family.

To take advantage of our expert advice and allow us to recommend a suitable policy, which we will guide you through the process of putting this important contingency plan into place, please get in touch today to arrange your no-obligation-free review today.