What is the best critical illness cover in 2020? | moneyfacts.co.uk

nigel woollsey

Nigel Woollsey

Online Writer
Published: 08/04/2020

How do we decide which critical illness policies get the best rating?

Every year, the Moneyfacts product specialists take an in-depth look over the complete critical illness cover marketplace to determine which are worthy of our coveted four- and five-star Annual Star Ratings. Many different elements are carefully considered and compared with the other products currently available to determine which critical illness products provide a truly exceptional level of benefits to consumers.

Moneyfacts Star Ratings are both impartial and respected in the world of financial products, being highly valued by professionals, providers and consumers alike.

The features and benefits of each critical illness policy are closely examined. More about this can be found in the ‘What elements of critical illness cover do we look at?’ section below.

How does a star rating help me find the best critical illness cover?

Consumers can have total confidence that the Moneyfacts Annual Star Ratings, carried out by our team of experienced product experts, are both independent and impartial. We provide consumers with an expert analysis of the whole market, so they can feel assured that the critical illness policies that we score highly really are the best on offer.

What elements of critical illness cover do we look at?

Numerous areas are considered when assessing the ratings for critical illness cover. Some of these include:

• Range and number of illnesses covered
• Age of entry
• Minimum and maximum terms
• Ceasing ages
• Policy terms
• Minimum and maximum ages
• Rate types
• Total and permanent disability
• (TPD) options
• Conditions including:
  o Cancer
  o Heart attacks
  o Kidney failure
  o Major organ transplant
  o Terminal illness

 

Featured critical illness providers

Advertisement

All our featured home insurance providers have achieved a four or five star rating for their home insurance.

Provider

Key features

Find out more

Aviva Critical Illness Cover


  • Lump sum payment
  • If you’re diagnosed with a critical illness that meets our policy definition, and survive for 10 days.
  • 53 conditions covered
    Outlined in our policy conditions.
  • Flexible length of cover
    From 5 to 50 years – and the cover can last until you’re 75.
  • Cover for your child
    If your child has a critical (not terminal) illness, we’ll pay up to £25,000, or 50% of the cover amount (whichever is lower).
  • Joint to a single policy
    If you separate from your partner, you can split your policy into two single policies, and won’t have to answer any new health and lifestyle questions.
  • Cover up to £1 million
    To help you when you need it most.
  • Additional critical illness benefit
    You can claim for some additional critical illnesses – and the policy won’t end if we pay a successful claim.

 

 

Critical Illness Decreasing Term – Five Star

  • AEGON - Personal Protection
  • AIG Life - YourLife Plan Critical Illness Cover
  • Aviva - Life Insurance +
  • Legal & General - Life Insurance with Critical Illness Cover
  • LV= - Decreasing Life Insurance with Critical Illness Cover
  • Royal London - Personal Menu Plan
  • VitalityLife - Serious Illness Cover

Critical Illness Decreasing Term – Four Star

  • Sainsbury's Bank - Life Insurance with Critical Illness Cover

Critical Illness Level Term – Five Star

  • AEGON - Personal Protection
  • AIG Life - YourLife Plan Critical Illness Cover
  • Aviva - Life Insurance +
  • Legal & General - Life Insurance with Critical Illness Cover
  • LV= - Level Life Insurance with Critical Illness Cover
  • Royal London - Personal Menu Plan
  • VitalityLife - Serious Illness Cover

Critical Illness Level Term – Four Star

  • Sainsbury's Bank - Life Insurance with Critical Illness Cover

Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

Guide contents

Cookies

Moneyfacts.co.uk will, like most other websites, place cookies onto your device. This includes tracking cookies.

I accept. Read our Cookie Policy