Critical Illness Insurance

Not quite as certain as death…

…But in some cases even worse. If nobody wants to think about death you can bet your bottom dollar no-one want to think about serious illness. Sadly, a good number of us will have to…take a moment to think of people that you may know that have been affected by some of the conditions listed below and unfortunately it is likely that most of us know someone that has been affected by one or more of these.


Cheery stuff I know, but the fact is that life goes on for many of those who suffer critical illnesses and our loved ones are likely to still need financial support, particularly if they are still young or financially dependent. Coming to terms with the loss of a loved one is bad enough, having them still around as a financial burden can put heavy strains or relationships, families and lifestyles.

Like life assurance, it is possible to insure against Critical Illnesses. Cover is payable on the conclusive diagnosis of  a specified critical illness. Some of the conditions covered in most benefits include:


Some forms of Cancer HIV Infection
Some forms of Heart Attack Kidney Failure
Some forms of Stroke Loss of Speech
Alzheimers Disease Loss of Limbs
Aorta Graft Surgery Major Organ Transplant
Benign Brain Tumour Motor Neurone Disease
Blindness Multiple Sclerosis
Coma Paralysis of Limbs;
Coronary Artery Bypass Parkinsons Disease
Deafness Terminal Illness
Heart Valve Replacement Third Degree Burns
Traumatic Head Injury



Also as with life assurance there are variations of the types of policy available and the most common are:


  • Level term asssurance – designed to pay out a sum of money if the policyholder should contract a critical illness during the policy’s term. The sum assured is guaranteed and remains unchanged throughout the term.
  • Decreasing term assurance (also known as mortgage protection cover) – where the sum decreases during the policy in line with the capital and interest repayments on a mortgage.

In general terms the cost of Critical illness cover is higher than life assurance (depending on age and medical history it can be 3 or 4 times more expensive), as it is more likely to pay out during the term. It is often cost effective to combine life and critical illness cover in the same plan.

Unlike life assurance, Critical Illness cover is particularly appropriate for those who have no dependants.

As with life assurance, the basic premise behind critical illness cover is simple, but there is more complexity in the detail, different levels of cover available, different definitions of the various conditions and so on. Very careful planning is required to ensure that you have the correct level and type of cover from this valuable product. If you need more advice contact us now.

Critical Illness Life Assurance Permanent Health Insurance

BDM Financial Consultants Ltd is an appointed representative of Sesame Ltd.

The site is intended for UK consumers only.
Director: Brian Marks

Registered Address: 68 Peghouse Rise, Stroud, Glos, GL5 1UR . Registered in England. Reg No. 4997591