Critical illness Cover

This long-term insurance cover pays out a tax-free one-off lump sum if you are diagnosed with one of a number of specified serious illnesses, such as major cancers, a stroke, kidney failure, etc. The payment is designed to pay off the mortgage or other outgoings.

Critical illness cover tends to cost more than life insurance or income protection, and premiums are calculated on a number of factors, including your age, health, level of cover, your job and whether you are a smoker. But if you do need to make a claim, it can be worth having.

Because critical illness cover can be expensive, it is important to take advice before taking out a policy. SWG has access to a wide panel of insurers offering critical illness insurance, so can point you in the right direction to make sure you get the right policy for your circumstances.