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Critical Illness Cover
Critical illness insurance is designed to provide you with a tax-free cash sum if you are diagnosed with one of a set list of critical illnesses (most policies cover 30-40) provided that your diagnosis meets certain criteria.
There – Just When You and Your Family Need It Most
This is your money, to be used however you wish. You could clear your mortgage, replace lost income or pay for private treatment – it really is up to you. It is there to help you through what can be very distressing times, taking away the worry about money when it should be the last thing on your mind. You can focus on what’s really important – getting better and spending time with your family.
The Right Cover For You
Your critical illness cover can tailored to suit your budget. It can be a fixed (or “Level”) lump sum, or it can reduce in line with your mortgage balance (“Decreasing”). You choose, depending on which premiums are most affordable for the cover you require.
You can either take out the cover along with life insurance, or as a separate policy. You don’t even need to fully cover the mortgage balance if you want to keep your premiums down – after all, some level of cover in the event of serious illness is better than having no income at all.
There can be significant differences between providers when it comes to their definitions and conditions, so it’s important not to just look for the cheapest policy. You must make sure you have the right cover for your needs as well as your budget.
This is where we can help.
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Copyright © 2018 Duncan Insurance & Mortgage Services. All Rights Reserved. www.duncan-mortgages.co.uk. Duncan Insurance & Mortgage Services Ltd is authorised and regulated by the Financial Conduct Authority. FCA registered number 306182. YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.