Protection...

Critical Illness

 

Will pay you a lump sum of money upon diagnosis of a critical illness or serious injury. This type of insurance policy will pay you a lump sum of money depending on the amount of cover you selected.

 

Because of the advances in medical treatment now available, you are more likely to survive a serious illness. However, you may be unable to work or perhaps never be able to work again. This would obviously put a huge strain on trying to maintain your standard of living and more importantly keeping up with your mortgage payments.

 

Different types of Critical Illness policies:

Level Term:The amount you have selected to be covered for will remain the same over the term of the policy. You can cover yourself or have a joint policy to protect you and your partner.

 

Decreasing Term: This cover is usually taken to protect your mortgage as the cover selected decreases in line with your mortgage. The cover you take is the same amount as your mortgage. The critical illness cover will then decrease in line with your mortgage balance and if ever you are diagnosed with critical illness or injury, your mortgage is all paid off.

How much does a Critical Illness policy cost and what type shall I take? 

This will depend on what’s best for you, your needs and how much you can afford to pay. You need to feel comfortable about the monthly amount paid. If you have a family then Critical Illness Cover could be something you could consider having. Critical illness can be attached to life insurance. 

We can have a look for you to make sure your policy does exactly what you need it to do, and if you’re unsure, we’ll be happy to talk it all through with you. For more guidance on this and to get a quotation based on your circumstances please contact us and we’ll take care of it from there.

Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances

 

Identity Financial Solutions Limited is an appointed representative of HL Partnership Limited which is authorised and regulated by the Financial Conduct Authority. Number 471900. Identity Financial Solutions Limited is a company registered in England and Wales. The registered office address is 6 George Street, Alderley Edge, Cheshire, SK9 7EJ. The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

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