Critical illness cover
Support when you need it most, for you and your loved ones.
What is critical illness cover?
Critical illness cover pays out a cash lump sum if you are diagnosed with an illness covered by your policy before it ends.
It could help you and your loved ones meet day-to-day costs and let you focus on your own health and wellbeing.
Do I need critical illness cover?
Critical illness cover might be right for you if:
- you’d struggle to keep up with day-to-day costs if you were too ill to work for some time
- you don’t have savings or workplace benefits that could cover your costs if you were too ill to work
- you'd like to have a cash lump sum pay-out if you became seriously ill, to let you focus on your health and wellbeing.
How long should I get cover for?
It might help to think about life’s milestones, like the number of years until:
- your children are 18
- your mortgage is paid off
- you reach state pension age.
How much does it cost?
The amount you pay each month depends on the length of your policy and the size of the cash lump sum that gets paid out when a claim is made. The price might also change based on your age, health and lifestyle.
Let our experts take care of it
Our life insurance is arranged by Scottish Widows. They are a part of Lloyds Banking Group, like us. Scottish Widows are our life insurance experts, and they have been protecting what matters most for over 200 years.
What else do I need to know?
You need to be a UK resident, 18 or over, and under 60 to apply. Before you get a policy, check that it’s right for you. Make sure your loved ones will get the support they need after you’re gone.
Cover types explained
When you look for a policy, you might see the terms like ‘decreasing’ or 'level' cover. Let's explain what they mean.
Cover and payments stay the same
How does level cover work?
Level cover means that the cash pay-out stays the same until your policy ends. You'll pay the same amount each month.
What’s the benefit of level cover?
With level cover, the amount that gets paid out if you die won't change. So you and your loved ones will always know how much cover you'll have in case the unexpected happens.
Cover reduced but payments stay the same
How does decreasing cover work?
Decreasing cover means that the cash pay-out goes down each month until your policy ends. You'll pay the same amount each month.
What’s the benefit of decreasing cover?
Decreasing cover is usually a cheaper kind of cover. It's often used to protect a repayment mortgage. As you pay off your mortgage, the outstanding amount will go down. So the amount that your cover pays out when you die will go down, too. If you mainly need cover for your mortgage, you could get the support you need and pay less each month than level cover.