Critical Illness cover is thought by many to be too expensive. But, do people really consider the benefit of this cover before dismissing it out of hand? We believe not. We are six times more likely to suffer a critical illness than die. This is why the premiums are more expensive than for life insurance.
However, many people that suffer critical illnesses recover and some return to work. But, how many return to work because they have to, not because they want to? Critical Illness insurance gives you a choice and we would urge everyone to consider at least some form of cover.
Our view
Critical Illness cover can make the difference between a comfortable existence or one on meagre State benefits. Everyone has the choice whether or not to take out this cover but it should not be dismissed on cost alone. Take out what you can afford, even if the cover is for a few thousand pounds. If the time comes for a payout to be made, at least your financial worries can be eased.