Chat with us, powered by LiveChat
0800 031 4332 info@insured-life.co.uk

Co-op Critical Illness Insurance

Critical illness insurance provides financial support if you’re diagnosed with a specified critical illness during the term of the policy.

 

co-op life insurance

Co-op, one of the UK’s largest mutual businesses, offers an inclusive Critical Illness Cover. This guide will help you understand Co-op’s Critical Illness Insurance, outlining the policy, its benefits, and the claim process.

What is Covered?

Co-op’s Critical Illness Insurance offers a lump sum payment if you’re diagnosed with a critical illness covered by the policy during its term. The illnesses generally covered include:

  • Certain types and stages of cancer

  • Heart attack

  • Stroke

  • Major organ transplant

  • Kidney failure

  • Alzheimer’s disease

It’s important to refer to your policy documents for a complete list of covered illnesses, as not all types and stages of these conditions may be covered.

Benefits of Co-op’s Critical Illness Insurance

  • Lump sum payment: A tax-free lump sum payment is provided upon diagnosis of a covered critical illness.

  • Children’s cover: Co-op’s policy automatically includes coverage for your children at no extra cost.

  • Additional support services: You’ll have access to expert medical and emotional support services.

  • Flexible policy terms: You can choose the length of your policy based on your needs.

  • Clarity: Co-op’s policies are designed to be straightforward, with clear terms and conditions.

How to Apply for Coverage

To apply for Co-op’s Critical Illness Insurance, follow these steps:

  1. Get a quote: Begin by obtaining a quote online or over the phone. You’ll need to provide personal information, including your age, lifestyle habits, and medical history.

  2. Choose your cover: Decide the amount of cover you need and the length of the cover. The cost of your premium will depend on these factors, as well as your personal circumstances.

  3. Complete the application: Fill in the application form. It’s crucial to be honest and accurate in your responses as incorrect information could affect a future claim.

  4. Review and pay: Review your quote, confirm your details, and pay for your policy.

How to Make a Claim

If you need to make a claim, contact Co-op’s claim team as soon as possible. You will need to provide:

  • Your policy number

  • Details about your diagnosis

  • Information from your doctor or specialist

Once your claim is submitted, Co-op will review the information provided and keep you updated on its progress. If your claim is approved, the lump sum payment will be made to you or your estate if you pass away.

Considerations

Before purchasing Critical Illness Insurance, consider your personal circumstances, financial situation, and health. Consult with your financial advisor to determine if this type of cover is suitable for you. Remember, the policy will not provide cover for all illnesses and will not pay out upon death unless it is due to a covered critical illness within the policy term.

Conclusion

Co-op’s Critical Illness Insurance can provide essential financial support if you are diagnosed with a covered critical illness. It’s important to understand the policy’s coverage, benefits, and terms before purchasing. Always refer to your policy documentation for the full details of what is and isn’t covered.

 

Name(Required)
MM slash DD slash YYYY
Smoking Status(Required)

Helping you make sound
financial decisions

Compare All These Providers

Losing a loved one is never easy…

but having life insurance in place can ease the financial burden at an emotionally difficult time. Our team of protection specialists can help you find the RIGHT policy at the RIGHT price. We even help you put your policy into TRUST for FREE which could protect it from the TAXMAN. Simply fill out the form and we will get everything ready and start preparing your quotes.

Ask Yourself:

  • Who would pay the rent or mortgage if you were to pass away suddenly?
  • Who would pay your children’s university fees or provide money for childcare whilst your surviving partner goes out to work?
  • Who would provide the money for your family’s food, clothing or lifestyle?
  • Who would pay for your funeral or clear your debts?

These are just a few things to think about when obtaining life insurance. If you pass away the policy will pay out a lump sum to your family, loved ones or whomever you choose to get the money. This can be used to secure the financial future of your loved ones meaning they would not have to struggle in the event of your death.

We don’t talk to people like they’re just a number

Our expert advisers help people make informed decisions through expert financial advice.

Get Covered in 3 Easy Steps

1

Tell us how much money you would need to financially protect your loved ones

2

We will call you to discuss your options and provide comprehensive free quotes

3

You decide which policy to take and get protected today with no medicals or forms

We Provide Complete Cover For:

Life Insurance

Make sure your family have financial security in the event of your passing…

Income Protection

Protect your income if you’re unable to work due to illness or injury…

Critical Illness

Get a lump sum payment if you’re diagnosed with a serious illness…

Enjoy Life Insurance with Rewards

You can use InsuredLife Rewards in hundreds of retailers across the UK, including all the major high street names. The benefits packages available include Digital Vouchers, Re-loadable Gift Cards, Online Cashback and Online offers.

Get covered today and access your rewards…

Frequently Asked Questions

Whose Products Do We Sell?
  • We offer products from a range of insurers for life insurance and critical illness cover.
  • We offer protection products from a limited number of insurers for Whole of Life and Over 50s plans. A list of insurers we offer insurance from is available on request.
  • As we’re not tied to any ONE provider we are able to search our panel of insurers and find you the best price available to us.
  • We sometimes get preferential rates on selling policies which we pass on to you.
  • We are paid a commission by each insurer for setting up your policy – it costs you nothing to use our service.
What Service Do We Offer?
  • We are authorised by the FCA to advise our client on their protection needs. Our advisers will assess your demands and needs and recommend a suitable product that will protect you and your family. We get to know our clients and help them to decide on the right cover for the right price from a panel of leading UK insurers.
  • We will ask you a number of questions designed to make you think about the shortfall in your income in the event of the death of a partner or breadwinner. Our questions are simple and our advisers avoid jargon making it easy for clients to understand.
How Much Does Our Service Cost?
  • NOTHING – We do not charge a fee for our service; however, if you take a policy out through us we will be paid by commission from the insurer, but it still costs you nothing.
  • You will receive a quotation which will tell you about any policy premiums relating to any particular insurance policy.
  • We will put your life insurance policy into TRUST for FREE – this means that it may not be counted as part of your estate when you pass away and could secure it from the taxman – why should you lose your payout to the taxman’s inheritance tax?