Serious Illness Cover Vs Critical Illness Cover

31st August 2018 / in Contractor Mortgages & Protection Blog / by Gordon Hunter, MD

Critical illness can strike at any time.

  • 1 in 2 people in the UK (born after 1960) will be diagnosed with some form of cancer during their lifetime. [1]
  • Every 7 minutes someone will have a heart attack [2]
  • Every 12 minutes someone will have a stroke [2]

Serious Illness Cover from Vitality helps protect you financially if the worst was to happen to you, and you fall ill with one of the 178 conditions that they cover. They pay out a cash lump sum based on the severity of your condition. It gives you financial stability allowing you plenty of time to recover.

Serious illness cover works differently from typical critical illness cover, in the way it pays out on less severe conditions as well as the more critical ones. So if you get ill and need to claim, Vitality will give you a percentage of your cover depending on how severe your condition is. This means that if a condition gets caught early on, a portion of your cover will be paid out. You’ll also have the rest of your cover should you need to claim in the future.

There are two types of serious illness cover offered by Vitality. Comprehensive and Primary. Comprehensive Serious Illness Cover covers you for 178 conditions and Primary Serious Illness Cover which covers you for 145 conditions.

Example, Eye to age 70.

ConditionPercentage payoutPrimary    Comprehensive
Blindness (permanent & irreversible)Severity A – 100% (most severe)
Severity B – 75%
Significant Visual ImpairmentSeverity C – 50%
Central BlindnessSeverity D – 25%
Blindness in one eyeSeverity E – 15%
Corneal TransplantSeverity F – 10%
Severity G – 5% (least severe)

Source: How does Serious Illness Cover on the VitalityLife plan compare?, August 18

Our expert protection advisers can arrange the right life insurance policy for you. Freephone 0800 211 8700 or fill in our online enquiry form.

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Sources: Vitality, Serious Illness Cover Frequently Asked Questions, 2018

  1. Cancer Research UK, 2018
  2. Heart UK, 2018

Lifetime Finance Group Ltd trading as Super Contractors is an appointed representative of PRIMIS Mortgage Network, a trading name of First Complete which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products.

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