Why do property managers need critical illness cover?
Property managers with demanding workloads and client responsibilities need personal financial protection that works independently of their work commitments. Critical illness cover pays a tax-free lump sum if a serious diagnosis forces you to step back from work — giving you time 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 property managers need?
A good starting point is 3–5 times your annual salary, or enough to clear your mortgage plus 12 months of living costs. Property managers are typically offered standard rates for critical illness cover.
How much does CIC cost for property managers?
A healthy 35-year-old property manager 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. Property managers are typically offered standard 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.