Critical illness cover provides a tax-free lump-sum payout if you're diagnosed with a serious health condition. Let Wesleyan Financial Services find a plan that works for you.
- Get cover against an extensive list of critical illnesses
- Choose from single cover or joint cover with your spouse or partner
- Add life cover for all-round peace of mind
- Get expert advice from our Specialist Financial Advisers
A bit of stability when life turns upside down
A serious illness can put an equally serious strain on your family finances. With less money coming in due to time off work, and the potential cost of treatment and recovery, financial support at these times can be crucial.
That’s where critical illness cover comes in, paying a lump-sum benefit upon diagnosis of a pre-defined health condition, to make life that little bit easier.
How we can help
With something as important as critical illness insurance, you need to be sure you have the right cover in place. Cover that will come through for you when you need it most.
Speak to one of our Specialist Financial Advisers, and they’ll take the hard work out of finding it. They’ll discuss your circumstances, assess your future financial needs, and recommend a suitable policy from one of the leading providers we work with.
Your protection options
Nobody knows what the future holds, so for peace of mind you may want to hold more than one type of protection plan. Here are some of the options you can discuss with your Specialist Financial Adviser:
| Critical illness cover | Mortgage protection | Life assurance | Income protection | |
| When does it pay out? | Upon diagnosis of a pre-defined critical illness | When you die | When you die | When you’ve been off work for a period of time through illness or injury |
| Lump-sum payout? | Yes | Yes | Yes | No - monthly payments |
| Payout can be used for any purpose? | Yes | No - can only be used to pay off mortgage | Yes | Yes |
| Length of cover | Duration of chosen term | Duration of mortgage | Whole of life | Duration of chosen term |
What you should know before getting critical illness cover
Wesleyan Financial Services is a broker and insurance products are provided by a number of selected insurers.
Limits, exclusions and charges do apply. Full terms and conditions of the policy and cover, including the policy benefits and exclusions, will be contained in the Policy Wording and Policy Summary.
Risk must be acceptable to underwriters at normal term.
Frequently asked questions
All critical illness insurance providers have a pre-defined list of conditions against which they will pay out. The exact list will vary between provider.
Typically there’s around 50 illnesses covered, including most types of cancer, heart attacks and strokes.
Just be aware that not every single illness is eligible for a claim. In some cases, you need to have permanent symptoms to make a claim.
If you’re looking for financial protection against other types of illness or injury, you might want to consider income protection
With most providers, you can choose between level or decreasing cover.
With level cover, the payout always remains the same – whether you’re 20 or 60 when you’re diagnosed.
With decreasing cover, the potential payout reduces over time.
Decreasing cover is therefore typically cheaper, but won’t provide as much protection as you get older. Your Specialist Financial Adviser will help you decide what’s right for you.
You’ll pay a monthly premium for your critical illness cover. How much you pay will depend on a number of factors. These include your age, current health condition, lifestyle, and the level of cover you need.
Your Specialist Financial Adviser will be able to provide a clear illustration of the costs involved.
Note that the monthly premium you pay usually won’t change throughout the term, unless you choose to adjust the level of cover.
This will depend on the terms of your plan. Each provider may have slightly different criteria for a payout.
Usually, providers will issue the payout shortly after diagnosis of the critical illness, unless you pass away in the 10-14 days immediately after your diagnosis.