It is all very well talking about the endless benefits of critical illness insurance but what does it actually cost? To a lot of people having life assurance is something worth considering if they have a mortgage or family or both but adding critical illness to the equation often gets a rejection on the basis of cost. If you stand a 1 in 3 chance of being diagnosed with cancer at some stage in your life it WILL cost to insure against it!
Below are two illustrations, the first showing likely monthly premiums based on non-smokers accepted on standard terms for life insurance only over a 25 year level term assurance with a sum assured of £100 000. The quotes are based on occupation category 1 and are valid at the time of publication.
| Age | Male | Female |
| 20 | £5.10 | £5.00 |
| 25 | £5.21 | £5.00 |
| 30 | £6.00 | £5.25 |
| 35 | £7.88 | £6.35 |
| 40 | £11.37 | £9.13 |
| 45 | £17.45 | £13.69 |
| 50 | £28.73 | £22.11 |
Life and critical illness quotes are as follows:-
| Age | Male | Female |
| 20 | £12.12 | £11.66 |
| 25 | £15.25 | £15.04 |
| 30 | £20.32 | £20.59 |
| 35 | £30.61 | £29.45 |
| 40 | £47.77 | £43.80 |
| 45 | £80.93 | £68.14 |
| 50 | £126.44 | £103.05 |
Both sets of quotations include our 50% commission rebate which lowers your premiums.
As you can see, critical illness cover, for all of its benefits does not actually cost that much on a month to month basis when you consider that a cup of coffee is often more than £2.00.
If you have been thinking about critical illness cover do not delay, request a personalised quotation today by clicking here.