Critical illness cover (CIC) is typically designed to provide a lump sum in order to help you to maintain your financial security in the event you are diagnosed with a critical illness.
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If you’re critically ill, the last thing you’ll want to worry about is your finances and to focus upon what you need to do to get better rather than have to worry about how you might afford to pay your mortgage whilst you are undergoing treatment for your illness. Critical illness cover aims to give you peace of mind in these circumstances.
The tax free lump sum paid out is normally used to help with the cost of recovery or adjustments that might be needed to help you to adapt financially. For example, you might use the payment for private medical treatment, to pay-off your mortgage, or to make alterations to your home. It however comes down to you and what you decide to spend the money on.
Critical illness insurance policies normally only pay out once, so they are not a replacement for any lost income as a result of your Critical Illness. If you’re interested in finding out more about specifically protecting your income then you should go to our Income Protection Section to find out how to cover you.
We are here to help you to understand all of the pros and cons of the different solutions available to you so that you can make an informed buying decision for yourself, based upon your current financial situation. If you would like to generate a quotation for yourself and know the cover you wish to have or to discuss further with us please click through to our quoting system.
By clicking through to our quoting system you are confirming you have read and accepted our Terms of Business and how we use your personal information as per our Data Privacy Notice. You also understand that should you have insufficient cover in place then you/your family may have insufficient funds/income to fall back upon.
At Cherwell Financial Services Ltd we understand that some people do not require advice on the level, term or type of cover they require, and as such we provide a way of obtaining a personalised quote along with the opportunity to review the product literature associated with the cover in you illustration, to allow you to make the decision for yourself. If you have any doubt if this is the correct type, amount or term of cover you require then you should contact us directly to request full advice, as this system does not constitute Cherwell Financial Services providing you with advice and is processed on an Execution Only basis( Non-Advised).
Once you have completed your quote and you are happy to proceed upon the basis set out, and have read through the illustration, Key Features documents along with our Terms of business and Data Protection statements above, you can contact Cherwell Financial Services Ltd to inform them you wish to proceed with your quote and we will explain the process on how to proceed with your requested cover. The quoted premiums in the cover assume that you are in good health and are based upon the information you have provided to the relevant provider. Until the terms have been offered and subsequently accepted by you and the provider (an accepted application, not just an Illustration), then you may not be covered and the price may be subject to change or be declined.GET QUOTE