We never think a critical illness is going to happen to us, especially when we feel fit and healthy, but it does happen.
Every two minutes, someone in the UK is diagnosed with cancer, other most common critical illnesses are heart attacks and strokes, multiple sclerosis, and brain tumours. If the worst does happen, it’s important to make sure you’re covered against critical illness and any impact it could have on you and your family.
Critical illness cover pays out a lump sum should you be diagnosed with a serious illness. The type of illnesses covered varies depending on the provider and type of policy selected. There are differences between providers as to their definitions as well as the additional benefits that are available so it is not just a question of looking for the cheapest policy, but making sure you have the best level of cover you can get for your budget. Critical illness cover is also available in Level Term and Decreasing term similar to life cover.
This cash sum can be used however you need to use it. It could be used to clear a mortgage or it could be used to replace a lost income, to pay for private medical treatment or for whatever else you feel is required. Essentially it is there to make a really difficult time financially easier and to allow you to concentrate on what is really important like recovering or spending time with your family rather than worrying about the money side of life. It can also cover your children for certain illnesses too.
Use the information and tools to learn what you need.
Contact us to start discussing your mortgage or protection options.
Let us do the work in sourcing your mortgage and insurances.
You can use our tools to find out more, or click ‘get advice’ to speak to an adviser.
Worrall Mortgages Ltd is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority FCA no. 1009151 Registered in England and Wales no. 14008800. Registered address 22a Main Street, Garforth, Leeds, LS25 1AA.
This information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK.
There may be a fee for mortgage advice. The precise amount will depend on your circumstances but typically this will be £395.
Your home may be repossessed if you do not keep up repayments on your mortgage or any loan secured on it.
Conveyancing Services and Some forms of Buy to Let mortgages are not regulated by the Financial Conduct Authority.
22a Main Street, Garforth, LS25 1AA
