Navigate Critical Illness Cover

Critical illness insurance will help you to continue providing for your family if you are diagnosed with a serious illness, such as cancer, or if you suffer a heart attack or stroke. 

If you get one of these illnesses, the money is transferred to you in a tax-free lump sum and can be used to help your family continue to pay your mortgage or rent, make debt repayments, make adjustments to your home (such as wheelchair access) should you need them, or general living expenses. 

The quality of different policies can vary drastically, but the team of experts at Navigate Wealth are in the perfect position to help you choose the best critical illness cover for you. 

To find out more about life cover, or to arrange a free consultation, contact the Navigate Wealth team on 0345 340 9690 or use our submission form.

Why do I need critical illness cover? 

Millions of people are affected by critical illnesses in the UK every year, preventing them from being able to work and earn a regular income. 

With this in mind, it is sensible to take out protection to protect your finances and ensure you can continue to make necessary payments if you are diagnosed with a critical illness. 

Many people often believe that their life insurance policy will cover them in the event that they are diagnosed with a critical illness, but it will not. 

Life cover and critical illness cover are sometimes sold together, but they should not be confused as the same thing. Critical illness insurance can be bolted on to a life insurance policy, but it can also be sold as a standalone plan. 

What is classed as a ‘critical illness’?

Types of critical illness that you can be insured against include: 

  • Heart disease
  • Various types and stages of cancer
  • Stroke
  • Multiple sclerosis (MS)

Not all conditions are covered by critical illness insurance policies and some also state how serious a condition must be, so it is important that you understand a policy before you commit to it.

What can I expect to pay?

There is no set price for critical illness cover. The monthly costs vary greatly and are dependent on a range of factors concerning an individual, such as: 

  • Your age
  • Your health (including your weight, current health and medical history)
  • Your job - some jobs are deemed ‘higher risk’
  • Whether you smoke or have previously
  • Length of your policy 
  • The amount of money you want to cover

The younger and the better health you are in, the less you can expect your policy to cost. 

If you have several risk factors for a particular condition, that illness may not be covered by your policy or you may have to pay a higher premium. 

If you do not already have a life insurance policy in place, you may also want to consider this to protect your finances and support your family in the event of your death. 

Contact us

Our expert team can help you navigate the wide range of critical illness policies on the market to find the right cover for you.

To find out more about critical illness cover from one of our experienced financial advisers, or to arrange a free consultation, contact the Navigate Wealth team on 0345 340 9690 or use our submission form.

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