What can I use Critical Illness cover for?

You can use a critical illness insurance payout for anything you want: medical expenses, paying off the mortgage, general living expenses, holidays etc -the choice is yours.

If you fall seriously ill then an insurance payout will make life a lot easier, providing a much needed financial cushion to fall back on.

Surviving a critical illness will have a huge impact on your life. It's likely that you'll have to give up work, your lifestyle will change, and you may have medical bills to pay. Having extra financial resources available would be a great help in dealing with would these changes.

We have listed here some of the benefits an insurance payout would provide:

Medical Expenses

If you need medical services over and above the abilities of the NHS then it will cost you. Serious illnesses often demand a long period of medical attention and the cost will mount up. If you can't work then how will you pay?

Mortgage repayments

The stress of meeting the mortgage payments will affect your rehabilitation - the ability to pay off the mortgage and other debts would be a big help.

Lifestyle

It's impossible to predict exactly how a critical illness would change your lifestyle, but there are a number of likely possibilities. You may need to make structural changes to your home to accommodate your needs, such as widening the doorways, installing a stair lift or fitting a disabled toilet and bath. You may even need a different type of car to make it easier for you to get in and out. If you have young children and you can no longer look after them full-time you may need to employ childcare services. All these issues will need to be paid for you.