Critical Illness Cover

Critical Illness Cover

What if the worst doesn`t happen….but the next worst thing does?

Critical illness cover can provide a tax free lump sum upon the diagnosis of a specified critical illness. The benefits from this type of policy can be used to repay outstanding debts or can be invested to provide an on-going income to replace lost earnings. If required, the lump sum could be used for alterations to your home. e.g. widen doorways, create a downstairs bedroom or bathroom.

If you were to suffer a heart attack, a stroke or be diagnosed with certain types of cancer and were unable to work, how would you and your family manage financially? This type of protection is designed to ensure the last thing you will be worrying about at a very difficult time is money.

Your Caboodle adviser will be able to discuss any areas of uncertainty with you as it is important you arrange the correct level of cover for your needs, but the most frequently asked questions are detailed below for your information

What critical illnesses are covered?

Whilst most common major illnesses are covered by insurers, not all companies cover the same illnesses, so it is important that you are familiar with the inclusions and exclusions before any documentation is signed. The illnesses usually covered are

What types of critical illness cover are available?

Decreasing term critical illness
This policy provides a reducing level of benefit throughout the term and is usually the best choice for covering the balance on a repayment (or capital and interest) mortgage, as the amount of money the policyholder has been insured for decreases over the term of the policy in line with the value of the outstanding mortgage balance

Level term critical illness
This policy provides the same level of benefit throughout the term and is usually the best choice if covering an interest-only mortgage, as the value of the outstanding mortgage balance remains constant during the term of the policy. It is also the preferred option where the benefit is to be used to replace income lost as a result of the illness

Index-linked critical illness
This type of policy is designed to counteract the effects of inflation on the amount of benefit paid if a claim is made, providing sufficient protection for your family


The process is simple, to get a free no obligation personal illustration for critical illness cover either complete the short online enquiry form and a Caboodle adviser will contact you, or call us on 0800 151 2407 or
0121 308 9114.

Fields marked with a * are required.

Click here to view our data protection policy

Click here to view our Customer Privacy Notice


Your initial consultation is free and you are under no obligation to proceed with a mortgage we recommend. There will be a fee for mortgage advice. The exact fee will depend on your circumstances and may be reduced depending on the loan amount and any commission we receive from the lender. It is estimated that the fee will be £595, but it may range from £495 to 1% of the amount you borrow. The fee is only payable on completion and can normally be added to the mortgage. This will be discussed and agreed with you before you make an application. Please ask for a personalised illustration.

Secured loan rates from 3.95% APRC, although we have plans available up to 29.9% APRC which allow us to assist customers with the most severe credit problems. The overall cost for comparison is 7.65% APRC. For secured loans a broker fee up to 10% of the loan amount borrowed may be payable on successful completion. A lender fee may also apply. The actual APRC available will depend on your circumstances. All loans are subject to status. Please ask for a personalised illustration.

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

Caboodle Financial Services Ltd, registered in England at Mere Green House, 46-48 Mere Green Road, Sutton Coldfield, West Midlands B75 5BT (number 08044670).
Caboodle Financial Services Ltd is an appointed representative of PRIMIS Mortgage Network (PRIMIS), a trading name of Advance Mortgage Funding Ltd which is authorised and regulated by the Financial Conduct Authority. PRIMIS is only responsible for the service and quality of advice provided to you in relation to mortgages, protection insurance and general insurance products. Any other product or service offered by Caboodle Financial Services Ltd may not be the responsibility of PRIMIS and may also not be subject to regulation by the Financial Conduct Authority. The Financial Conduct Authority does not regulate some forms of Buy to Let.

© 2020 Caboodle Financial Services Ltd