Critical Illness Cover
- Financial Support When Serious Illness Changes Your Life
- Tailored Cover to Protect You & Your Family During Recovery
- Expert, Independent Advice to Find the Right Policy for You
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Critical Illness Cover – Financial Support When You Need It Most
A serious illness can affect every part of your life — your health, your income, and your peace of mind. While you focus on recovery, the last thing you should worry about is how to manage the bills.
That’s where Critical Illness Cover comes in. At L & K Financial, we help you find cover that provides vital financial support when you need it most, so you and your family can focus on getting better, not on money.
What Is Critical Illness Cover?
Critical illness insurance pays out a tax-free lump sum if you’re diagnosed with one of the specific serious conditions listed in your policy. This payment can be used however you choose — from covering household bills and mortgage payments to funding private treatment or adapting your home.
It’s designed to help relieve financial pressure at a difficult time, giving you the freedom to focus on what matters most: your recovery and your loved ones.
Conditions Typically Covered
Each provider’s list of covered conditions varies, but most policies include major illnesses such as:
- Cancer (of specified types and severity)
- Heart attack
- Stroke
- Multiple sclerosis
- Major organ transplant
- Coronary artery bypass surgery
- Permanent disability caused by injury or illness
Some insurers also offer children’s critical illness cover, providing extra reassurance for parents.
Fracture Cover – Everyday Protection for Unexpected Injuries
Not all setbacks are life-changing illnesses — sometimes, even a broken bone can cause weeks off work and financial strain.
Many insurers now offer Fracture Cover as an optional add-on to critical illness or income protection policies. It provides a cash lump sum if you suffer a fracture, dislocation, or certain other specified injuries, helping to cover additional costs such as:
- Time off work and reduced income
- Childcare or household help during recovery
- Travel or rehabilitation expenses
Fracture Cover can be especially valuable for those with active jobs, families, or hobbies that increase the risk of injury. It’s a simple, affordable way to enhance your overall protection and ensure you’re covered for more than just serious illnesses.
At L & K Financial, we’ll help you understand whether Fracture Cover could be a useful addition to your protection plan.
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Protect What Matters Most – Your Family, Income & Home
Why Critical Illness Insurance Matters
While state benefits or employer sick pay may offer short-term help, they rarely cover all your financial commitments for long. Critical illness cover can:
- Replace lost income during your treatment and recovery.
- Protect your home by covering mortgage or rent payments.
- Pay for specialist medical care or adaptations to your living space.
- Provide financial breathing room for you and your family.
Tailored Critical Illness Advice
At L & K Financial, we don’t believe in one-size-fits-all protection. We take the time to:
- Understand your personal and family circumstances.
- Compare policies from a wide range of trusted providers.
- Explain what’s included — and what isn’t — in clear, simple language.
- Help you combine your critical illness plan with life insurance or income protection if suitable.
Our goal is to make sure you have complete clarity and confidence in your cover.
Regular Reviews for Continued Peace of Mind
As your life changes, so should your protection. Whether you’re buying a new home, starting a family, or changing jobs, we’ll review your policy to make sure it still offers the right level of protection for your needs.
Protect Your Health, Home, and Future
A serious diagnosis can be life-changing — but it doesn’t have to derail your finances. Speak to L & K Financial today for friendly, expert critical illness insurance advice.
We’ll help you find the right policy to safeguard your income, your lifestyle, and your peace of mind.
Based in Nottingham, supporting clients locally and throughout the UK.
L & K Financial – Protecting your future, one step at a time.
FAQs – Critical illness cover
Critical illness cover is a type of insurance that pays out a tax-free lump sum if you’re diagnosed with one of the serious medical conditions listed in your policy. The money can be used however you wish — to cover household bills, pay off your mortgage, fund private treatment, or simply help you and your family through recovery.
Each insurer has its own list of covered conditions, but most include serious illnesses such as:
- Cancer (specific types and stages)
- Heart attack
- Stroke
- Multiple sclerosis
- Organ transplant
- Major heart surgery
- Permanent disability following injury or illness
Some policies also include children’s critical illness cover, offering an added layer of support for families.
While life insurance pays out when you pass away, critical illness cover pays out while you’re alive — if you’re diagnosed with a covered illness. Many clients choose to combine both for full protection against life’s uncertainties.
Fracture Cover is an optional add-on available with some protection policies. It pays a cash lump sum if you suffer a broken bone, dislocation, or certain other injuries — even if they’re not life-threatening.
It’s designed to cover everyday setbacks that can still cause financial strain, such as time off work or recovery costs. Fracture cover can be a useful complement to critical illness insurance, offering broader, day-to-day protection for you and your family.
Most policies pay out once upon diagnosis of a covered condition. However, some insurers now offer multi-claim or severity-based policies, which can pay out smaller amounts for less serious conditions or allow additional claims in the future. We’ll guide you through these options so you can choose what’s best for you.
Premiums vary depending on your age, health, lifestyle, and amount of cover, but it’s often more affordable than people expect. We compare quotes from leading insurers to find the best balance between cost and comprehensive protection.
You can usually still get critical illness cover, although the insurer might exclude certain conditions or adjust the premium. Our advisers work with a range of providers to find the most suitable policy for your situation, even if you’ve had health issues in the past.
If your policy pays out, the lump sum is yours to use as you choose — even if you later make a full recovery. The cover typically ends once a claim has been paid, though some policies can be reinstated or offer partial payouts for less severe conditions.
Yes. Many people choose to take out a combined life and critical illness policy, which pays out either if you pass away or if you’re diagnosed with a critical illness — whichever happens first. We’ll explain both standalone and combined options so you can make an informed choice