Critical illness insurance pays out when one of the specified critical illnesses occurs. For example, following a heart attack, stroke, cancer or some other specifically defined critical illness.
Cover is for a set term, which may be equal to a mortgage term, or for when children have grown up, until retirement, or until another life stage milestone is achieved. It may be worth considering having one policy for a set term to cover the mortgage and another that will provide money to help provide for your different lifestyle if a serious illness happens.
Most people choose a lump sum to be paid out. There is the option of receiving the payout as a set income over the term remaining, which is often a lower-cost option.
London Stock Exchange
| Value | Move | % |
| FTSE 100 | ||
| 10432.34 | 101.79  |
0.985 |
| FTSE 250 | ||
| 22838.38 | 270.41 |
1.198 |
| FTSE 350 | ||
| 5661.49 | 56.47 |
1.007 |
| FTSE All Shares | ||
| 5598.85 | 55.76 |
1.006 |
| Dow Jones | ||
| 49856.83 | 492.949 |
0.999 |
| Nasdaq | ||
| 26166.098 | 295.389 |
1.142 |
Currencies
| Value | Move | % |
| 0 | ||
| 1.156 | 0.002  |
0.156 |
| GBP/NOK | ||
| 12.449 | 0.02 |
0.158 |
| 0 | ||
| 12.541 | -0.059  |
-0.468 |
| GBP/USD | ||
| 1.344 | 0.004 |
0.312 |
Biggest Movers
| Value | Move | % |
| SEGRO | ||
| 795.6 | +52.4 |
+7.05 |
| easyJet | ||
| 477.8 | -18.1 |
-3.65 |
