Critical Illness Insurance - Red Sky Insurance

Critical Illness Insurance

Critical Illness Insurance

Critical illness insurance provides a lump sum* pay out against potentially life changing illnesses, with the most common being cancer, heart attack and strokes.

Critical illness insurance will pay out if you get one of the specific medical conditions or injuries listed in the policy. It can provide a much needed financial boost at a difficult time. The conditions and illnesses covered can vary significantly between insurers.

If you are unable to work due to serious illness, how would this impact you financially? Would you turn to your savings, family or employer for help? If you are able to rely on any of these things, how long will that help last? A lump sum payout is invaluable to those that are unable to return to work due to the severity of the illness, or require on going medical care. You may also wish to use the payout to create special memories with your loved ones.

You should consider getting critical illness cover if you and your family depend heavily on your income or you don’t have enough savings to cover bills and additional payments if you become seriously ill or disabled.

What’s more, many insurers will include cover for children at no extra cost.

Overall, the amount of cover you choose will affect your monthly premiums, which you pay throughout the term of a critical illness policy. your age also affects your monthly payments. The older you are, the more expensive they will be.

*you may also choose a regular monthly benefit instead of a lump sum

Why Choose Critical Illness Cover With Us?

We source the best deal for you.

  • Pays out a tax free lump sum
  • Covers against illnesses such as cancer, heart attacks and strokes
  • Can cover up to 182 different illnesses and conditions
  • Some policies will pay out if your children get seriously ill
  • Can be used towards paying off mortgage or replacing income rather than using savings

We have over 15 years of experience.

Things go wrong. You’ll have questions. We understand people.

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    You may want to consider life insurance if you have a mortgage and you want to leave a debt free estate, or if there are people who rely on you financially, like your partner or children. Life insurance can also help cover the cost of funerals, or even if you want to leave your children something when you pass away.
    Life insurance can be set up to cover a specific length of time or even for the whole of your life. Various factors will determine the cost, such as age, health and level of cover. You can control who the money will be paid to and for how long you want the policy to be in place.
    Under current tax rules, pay-outs for critical illness, terminal illness and death claims are usually free of personal liability to pay income tax and capital gains tax. However, in some circumstances your pay-out may be subject to inheritance tax. You can normally help avoid this by putting your plan in trust. Bear in mind that the law relating to tax may change in the future. (For tax planning, we act as introducers only)
    When you choose to take out a life insurance policy with one of our providers, they pay us a commission. Our service is always fee-free.
    This depends on your individual circumstances as the amount of cover required is often different for each family. If you are married, have a large mortgage and four children then you are likely to need more cover than a single parent living in a rented flat with one child.
    Yes, you can have more than one life insurance policy.
    Many couples take out joint life insurance policies, due to the convenience and in order to save money, as it is cheaper than taking out policies on an individual basis. However, joint life insurance usually only pays out once, on the first death, leaving the surviving partner without cover.

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