Critical Illness Cover
Receive a tax-free lump sum if you are diagnosed with a serious illness--giving you the financial freedom to focus entirely on your recovery.
GET STARTEDWhat is Critical Illness Cover?
Critical Illness Cover pays out a one-off, tax-free lump sum if you're diagnosed with a serious illness listed in your policy. Commonly covered conditions include cancer, heart attack, stroke, multiple sclerosis, and major organ failure. The funds can be used however you choose—whether to cover medical costs, replace lost income, adapt your home in Grimsby or Southend, or simply give you breathing space during recovery.
How You Can Use The Funds For Critical Illness Cover
The benefits of critical illness cover is its flexibility. The funds can be used however you choose to best support your recovery. Whether you need to cover private medical costs, replace lost income while you are off work, or pay for necessary home adaptations in Grimsby or Southend-on-Sea, the choice is yours. Many of our clients also use the lump sum simply to provide "breathing space"—paying off bills or debts so they can focus entirely on getting better without financial stress.
Tailoring Your Policy
Critical illness cover is often combined with life cover, but it can also be taken out on its own. To suit your specific financial needs, you can choose between two main structures: Level Cover: The payout amount stays the same throughout the entire term of the policy, ensuring a fixed lump sum whenever a claim is made. Decreasing Cover: The payout amount reduces over time, usually designed to align with a decreasing mortgage balance so your home is secured.
The Key Difference Between Critical Illness Cover and Life Cover
It is important to understand the distinction between this and standard Life Insurance: Critical Illness Cover is triggered by the diagnosis of a specific condition, not death. It pays out once per claimable event, providing immediate financial relief while you are still here. Depending on your policy type, the cover may end after this single payout. Let Aura Mortgages help you find the right plan to protect your future.
Why Choose Us?
Experience tailored mortgage solutions that prioritise your needs. We simplify the process, ensuring you feel supported every step of the way.
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Our approachable team takes the time to understand your goals. We turn complex jargon into easy-to-understand advice.
Tailored Solutions
We offer personalised mortgage options that fit your unique circumstances, whether you're a first-time buyer or a seasoned investor.
Comprehensive Support
From initial consultation to completion, our dedicated professionals are by your side to ensure a smooth and stress-free mortgage experience.
Frequently Asked Questions
What illnesses are covered in Critical Illness Cover?
Is the Critical Illness Cover taxable?
Can i cover my children?
Ready to Discuss Critical Illness Cover?
Speak to one of our experienced mortgage advisers today. We'll guide you through your options and find the right solution for you.
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