Critical Illness Insurance for Mortgage

Critical illness insurance is a product that could help to alleviate the financial pressures that you might face should the unexpected happen and you become seriously ill.

At what is a terribly stressful and upsetting time, it can be a comfort to know that your home could be protected by such a policy.  For this reason, many people choose to invest in critical illness insurance as a means to protect their mortgage, as peace of mind that, in the event that they become critically ill, their families would have access to some financial stability.

Some critical points to consider when comparing different critical illness insurance policies are:

  • The length of the cover
  • Does the policy come with life cover?
  • Any exemptions written into the policy
  • Are your initial premiums fixed for the length of the policy?

Whatever reason you have for wanting to take out a critical illness cover, the service below will help you compare the important parts of different policies and find one that is right for you.

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  • Quotes from leading UK Critical Illness Insurance Providers
  • Fill in one simple form and an expert will call you back
  • No obligation quote service
  • Get the right cover for your needs

Each critical illness insurance quote will vary, but generally, such policies work by paying out a tax-free lump sum should you become seriously ill during the length of your policy. 

These funds could be vital to:

  • Make up for lost earnings due to the illness;
  • Cover private medical care;
  • Pay household bills; or to
  • Be able to repay all or a chunk of your mortgage.

A critical illness policy will cover a range of serious conditions, usually around 30 to 40 on a comprehensive policy, which will be detailed in their quote.

However, it must be noted that there are always restrictions with these illnesses that you should make yourself aware of prior to purchasing a policy.  For example, certain types of cancer are not covered due technological advancements, and a heart attack will only be covered if it is deemed to be of a specified severity.

Seeking out a critical illness insurance quote could be a safety net should you become seriously ill – a financial protection to support you and your family with mortgage and bill payments should the worst happen.