Updated: July 29, 2019

Accident and Critical Illness Insurance

Looking for a critical illness cover policy that includes protection against accidents? Read through our guide to find out how to get the best bespoke deal

Get Started
Ask Us A Question

Ask a quick question

We can help! We know everyone's circumstances are different, that's why we work with brokers who are experts in critical illness cover. Ask us a question and we'll get the best expert to help.

FCA Logo
1 of 2
2 of 2 Send!

No impact on your credit score

Pete Mugleston

Author: Pete Mugleston - Mortgage Expert

Updated: July 29, 2019

When it comes to insuring against accidents and critical illness, an ounce of prevention is worth a pound of cure. Most experts will tell you that nobody should go through their financial and working life without a safety net.

Years of hard work and savings can quickly disappear if you’re not insured against a serious illness or accident and are unable to work in the long-term. In some scenarios, people can experience a financial loss that sets them back for decades if they have to cash in investments or can’t afford mortgage payments.

That’s why it’s recommended to speak with a financial advisor, so they can talk you through your options and see if  insurance cover against accidents and critical illnesses is right for you.

Call us on 0808 189 0463 or make an enquiry and we’ll connect you with one of the experts we work with.

What is accident and critical illness insurance?

Accident and critical illness insurance is an insurance policy that pays out a lump sum in the event that you are diagnosed with a serious health condition or suffer from a serious accident. If the cover is triggered, the amount payable will depend on the severity of the illness or accident.

Personal accident insurance is often taken out by people who have hazardous hobbies, sports, or work. While critical illness insurance gives peace of mind that your financial needs will be met if you were to fall ill – a situation which might impact on mortgage repayments.

Getting insurance cover for accident, sickness and critical illness would give you a comprehensive safety net to see you through any serious impact on your health.

Speak to an expert today

Get Started

How does accident and critical insurance cover work?

The policyholder pays a monthly premium to their accident and critical insurance provider. If they suffer from a covered critical illness or have a life-changing accident, they can make a claim. The insurance provider will then make a tax-free lump sum payout to the policyholder within days of diagnosis.

These insurance products ensure you and your dependants remain safe and sound through both the good and the bad. That’s why they’re often considered to be a non-negotiable safety net for those with a mortgage or a family to support.

If you’d like help in deciding which insurance provider would offer the best policy and rates get in touch. We work with experts with years of experience in helping people find the cover that would best suit their needs.

Does accident and critical illness cover accidents?

Some accident and critical illness insurers do cover severe medical conditions that result from an accident such as a severe head injury, blindness, or going deaf. However, less severe medical conditions, such as a broken arm or leg, are often not covered by accident and critical illness insurance.

The provider will determine which critical conditions resulting from accidents their policy covers, and this varies from one insurer to the next.

For tailored advice on how to get critical illness insurance that also covers a range of medical conditions resulting from accidents, it’s best to speak to an expert financial adviser. Advisers can help you decide which type of cover would best suit your situation and whether you should take out cover for critical illness, accidents, or both. Make an enquiry and we’ll connect you with an expert.

Accidental and critical illness insurance terms and conditions

Accident cover protects against a range of permanent or semi-permanent disabilities that could result from injury. Commonly covered critical illnesses include heart attacksstroke, and cancer.

Here are some common situation-specific factors that will impact on the terms and conditions of accident and critical illness cover, and how much your monthly payments will be…

  • Your current health and family medical history
  • Whether or not you smoke or have smoked
  • Your occupation and how much injury risk it involves
  • The amount of money you’d like to receive in a payout

Make an enquiry for more information on insurance terms and conditions. The financial advisors we work with can quickly search the entire market and take you directly to the provider with the best quotes and terms and conditions for you.

Life, critical illness, and accident insurance

In addition to critical and accident insurance, you may want to consider taking out life insurance, which would provide financial support to your loved ones should you die. Life insurance often becomes important in situations where one person is the primary breadwinner of the family, and the loss of a single source of income would leave dependants in financial difficulty.

However, since life insurance only covers death, it won’t make any payouts to help cover a critical illness or a serious accident.

Speak to an accident and critical illness insurance advisor today

Accident and critical insurance products provide you with the peace of mind should something unexpected impact your earning ability. Financial prudence pays off massive dividends and protects you and your loved ones through any difficult times you may encounter.

But you can only properly protect yourself when making a fully informed decision on which insurance cover to take out. An insurance advisor knows how to read between the lines of insurance providers’ policies, and terms and conditions.

Give us a call on 0808 189 0463 or make an enquiry, and we’ll connect you to the right advisor for your situation.

Ask a quick question

We can help! We know everyone's circumstances are different, that's why we work with brokers who are experts in critical illness cover. Ask us a question and we'll get the best expert to help.

FCA Logo
1 of 2
2 of 2 Send!
Pete Mugleston

Pete Mugleston

Mortgage Expert

About the author

Pete, an expert in all things mortgages, cut his teeth right in the middle of the credit crunch. With plenty of people needing help and few mortgage providers lending, Pete found great success in going the extra mile to find mortgages for people whom many others considered lost causes. The experience he gained, coupled with his love of helping people reach their goals, led him to establish Online Mortgage Advisor, with one clear vision – to help as many customers as possible get the right advice, regardless of need or background.

Pete’s presence in the industry as the ‘go-to’ for specialist finance continues to grow, and he is regularly cited in and writes for both local and national press, as well as trade publications, with a regular column in Mortgage Introducer and being the exclusive mortgage expert for LOVEMoney. Pete also writes for OMA of course!

FCA Disclaimer

*Based on our research, the content contained in this article is accurate as of the most recent time of writing. Lender criteria and policies change regularly so speak to one of the advisors we work with to confirm the most accurate up to date information. The information on the site is not tailored advice to each individual reader, and as such does not constitute financial advice. All advisors working with us are fully qualified to provide mortgage advice and work only for firms that are authorised and regulated by the Financial Conduct Authority. They will offer any advice specific to you and your needs.

Some types of buy to let mortgages are not regulated by the FCA. Think carefully before securing other debts against your home. As a mortgage is secured against your home, it may be repossessed if you do not keep up with repayments on your mortgage. Equity released from your home will also be secured against it.

Get Started