Why do letting agents need critical illness cover?
A serious illness can prevent a letting agent from managing properties, meeting clients, and earning commission. Critical illness cover provides a tax-free lump sum on diagnosis, covering lost income and ongoing costs while you focus on recovery.
What does critical illness cover pay out for?
Most UK policies cover 30–50 serious conditions, including cancer, heart attack, stroke, multiple sclerosis, and organ failure. The payout is a tax-free lump sum — use it to clear debt, fund treatment, or replace lost income.
How much CIC do letting agents need?
A good starting point is 3–5 times your annual salary, or enough to clear your mortgage plus 12 months of living costs. Letting agents are typically offered standard or preferred rates for critical illness cover.
How much does CIC cost for letting agents?
A healthy 35-year-old letting agent can typically get £100,000 of cover for £25–£50 per month. Use our comparison tool to get personalised quotes.
Frequently Asked Questions
Not necessarily — CIC premiums are based primarily on age, health, and smoking status. Letting agents are typically offered standard or preferred rates for critical illness cover.
Yes — payouts from personal critical illness policies are completely tax-free in the UK.
Many people choose a combined policy for simplicity. However, standalone CIC gives more flexibility to adjust each policy independently.