Suffering a severe illness that requires you to take time off work for treatment and recovery can – quite apart from the emotional trauma – have a devastating effect on your finances. Critical illness insurance is designed to help by paying out a lump sum when you’re diagnosed with one of the specific critical illnesses covered by your policy.

Critical illness cover is particularly important for people with a partner or other dependants, or a family looking for financial security.

For insurance business we offer products from a choice of insurers.

  • "We received exceptional service from Karen and Megan. We'd be lost in the whole property purchase and insurance process without them, but they made us feel safe and assured. Highly recommend their services and will use them again."

    Ivana Polackova
  • "Karen and Megan have been instrumental in getting a great deal for our mortgage and insurance for our new home! Very attentive and understanding. Wouldn't go anywhere else."

    Christopher Sharp
  • "Amazing service from Megan and Karen who found a great product for our needs. Megan was exceptional in keeping us regularly updated throughout the process. Would highly recommend, always on hand to answer any questions and share their knowledge of the current market and recommending the best options."

    Aileen Howie
  • "Great expert advice from the team. Proactive service delivering great results. Well done and highly recommended."

    Mike Still
  • "Karen and Megan provided us with an amazing service throughout our property search, mortgage application and insurance search. They kept us informed about every step of the process and always made time when we had a question. Thanks for all your help and can’t recommend highly enough!"

    I F
  • "Excellent Service. Karen did a marvellous job, available whenever required (I talked to her almost for 10hrs in total on calls). She had good knowledge on different mortgage products even on insurance."

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  • "Great company to deal with. Very attentive and professional. Would highly recommend."

    David Facenna
  • "Stephen Marlin never fails to make an incredible job of all he does for us. So pleased we are able to work with such a great adviser on all our financial needs. The rest of the team have also been great in assisting us too."

    Richard Stephenson
  • "We had great service from Karen and Rajnee from the very beginning, always happy to help and made the complete process stress free. We would highly recommend and 100% would use them again in the future."

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  • "I can't recommend this company high enough. Very informative. Always got back to me and kept me at ease with any questions. Lovely to chat to. Never once did I feel left out. Shall definitely be returning in the future."

    Paul Edwards
  • "Very helpful, friendly and always able to answer any questions."

    Hamish MacLellan
  • "Great service, Stephen and Rajinee were both very nice and helpful, patiently explaining everything in detail, being completely transparent and giving excellent personal advice, and providing regular updates."

    Xavier Bernard

    Types of Critical Illness Insurance

    Level Term Insurance

    Level term insurance is where the premiums and amount of cover stay the same during a policy term, regardless of when a claim is made.

    Decreasing Term Insurance

    Decreasing term insurance means the payout amount reduces each year. It’s generally used to help pay off a repayment mortgage.

    Increasing Term Insurance

    The payout amount goes up in time as does your monthly payment. Many choose it to protect the value of the payout against inflation and the rising cost of living.

    Young couple standing chatting in kitchen

    How much cover should I have?

    You may have other income coming in while you’re ill such as state benefits or sick pay from your employer. However, this may not cover all your needs.

    It’s a good idea to think about how much you would need to live on if you became seriously ill and whether you would need some extra money to boost your income. You may want to put aside a few years' worth of your salary to give you the option of not working for a lengthy period.

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    What illnesses are covered by critical illness cover?

    The number of illnesses covered by critical illness policies varies between providers. However, certain illnesses are covered as standard by most providers, such as cancer, heart attack, stroke, organ failure, Multiple Sclerosis, and Alzheimer’s disease.

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    Should I write my policy into trust?

    Writing a policy in trust means the payout from the policy will be paid directly to the beneficiaries rather than to your estate. Because the policy is held within trust it means that the payout won’t be subject to inheritance tax and it also means payment to your beneficiaries will probably be quicker, as the money will not go through the probate process. Instead, the insurer can arrange the payout once they’ve received the death certificate and any other required documents.

    At Rettie we understand.

    At Rettie Financial Services we understand that everybody’s situation is different. That’s why we’re with you every step of the way. Whatever your mortgage, insurance or other financial needs, and however complex your challenges, we have the expertise and experience to provide a tailored service that will deliver for you.

    Outstanding Customer Service

    Rettie Financial Services excels in expertise, speed, and customer satisfaction. Our commitment to you extends beyond transactions, providing both financial and emotional support throughout your journey.

    Personalised Solutions

    We bring a personal touch to every interaction, taking time to understand and address your unique financial requirements. No matter how complex and intricate your insurance or protection needs, we have the experience and knowledge to identify and deliver an innovative personal solution that’s right for you.

    A Proven Approach

    Our highly experienced Mortgage & Protection Advisors have a proud record in delivering a supportive, quick and hassle-free service, evidenced by a constant stream of 5 star reviews from our satisfied clients.

    Rettie Financial Services Ltd is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority.

    Rettie Financial Services Ltd. Registered Office Address: Deuchrie, Dunbar, East Lothian, United Kingdom, EH42 1TG. Registered in Scotland Number: SC711925.

    There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.

    For insurance business we offer products from a choice of insurers.

    Your home may be repossessed if you do not keep up repayments on your mortgage.