Why do mortgage brokers need critical illness cover?
Mortgage brokers understand better than most the importance of protection products. Critical illness cover is the personal financial safety net that ensures a serious diagnosis doesn't derail your own finances — not just your clients'. A tax-free lump sum on diagnosis gives you the freedom to recover without financial pressure.
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 mortgage brokers need?
A good starting point is 3–5 times your annual salary, or enough to clear your mortgage plus 12 months of living costs. Mortgage brokers are typically offered preferred rates for critical illness cover.
How much does CIC cost for mortgage brokers?
A healthy 35-year-old mortgage broker 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. Mortgage brokers are typically offered 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.