Critical Illness: What's Your Risk & What's Your Need?
A serious illness can have a huge financial impact. This tool helps you understand the statistical risks and calculate the financial safety net you might need.
Risk & Needs Analyser
The Reality in the UK
1 in 2 people will develop some form of cancer in their lifetime.
(Cancer Research UK)Every 5 minutes, someone in the UK has a heart attack.
(British Heart Foundation)Every 5 minutes, someone in the UK has a stroke.
(Stroke Association)Calculate Your Financial Safety Net
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Critical illness risk analyser guide
WeCovr's critical illness risk analyser helps UK families estimate a financial safety net, using indicative information prepared by WeCovr, an FCA-authorised insurance broking firm with over 900,000 policies issued across multiple classes of insurance. across protection products. It combines risk context with a practical cover estimate.
What this critical illness analyser estimates
The tool estimates a recommended cover amount based on income replacement, debts, and a lifestyle adaptation fund. It is designed to show a potential lump-sum need after a serious diagnosis.
Results are indicative and should be validated with a full review of your finances.
Uses income replacement and debt clearance assumptions.
Includes a one-off adaptation fund.
Outputs a lump-sum estimate for planning.
Why critical illness cover matters
A lump sum can clear a mortgage, cover bills, and fund recovery. It provides flexibility at a time when income might be reduced.
Why WeCovr is trusted for protection advice
WeCovr is an FCA-authorised insurance broking firm and has high customer satisfaction ratings. We also offer complimentary access to the CalorieHero AI calorie tracking app and discounts when customers take PMI or Life insurance.
Data sources and guidance references
This guide references UK health charities for risk context and FCA guidance on protection insurance.
Critical illness cover options
| Option | Estimated cost | Key factors | Best for |
|---|---|---|---|
| Standalone CI cover | Moderate | Pays on diagnosis | Focused protection |
| CI + life cover | Higher | Payout on diagnosis or death | Family protection |
| Income protection | Varies | Monthly benefit | Ongoing income support |
Related WeCovr resources
FAQs
How much critical illness cover do I need?
A common starting point is mortgage balance plus 12 to 24 months of income and an extra buffer for recovery costs.
Does critical illness cover pay out on any illness?
No. It pays only for specific conditions that meet policy definitions.
Is the cover amount calculated here a guarantee?
No. It is an estimate for planning purposes and should be reviewed with an adviser.
Can I combine critical illness with life insurance?
Yes. Many policies combine both for broader protection.