Critical illness cover is a long-term insurance policy covering serious illnesses. A tax-free lump sum is paid out if you are diagnosed with an illness covered by the policy.
The money can be used to help support you or your family with living costs if you are unable to work. It can also help to pay for treatment or any changes needed to your home because of illness.
Critical illness insurance covers a range of conditions. Life changing conditions such as cancer, heart attacks and strokes are almost always covered. Pre-existing medical conditions are typically not covered.
The amount covered can remain the same throughout the policy term or can decrease over time.
Taking out a new mortgage is an ideal time to review what protection policies you have in place and whether these are suitable for your circumstances.
Our advisers can compare all available options before you commit and will provide a clear breakdown of the features and costs.
