Life and Critical Illness cover

The one thing we all have to face at sometime in our lives is the inevitable fact that we are going to die. As individuals we don’t know when this event will take place so if we care about what happens to our loved ones, we need to plan for this event.

Fortunately, for a very low cost, you can rest assured in the knowledge that whatever happens, whenever it occurs, the only thing your family have to cope with is the tragic loss of a loved one. We highly recommend that you take out a Life Assurance Policy to cover either your existing or new mortgage and to protect your family by ensuring that your surviving partner can to pay off the outstanding mortgage and to continue their lifestyle without any added financial burden. You also need to consider making provision for funeral planning or inheritance tax issues.

Critical Illness Cover:

Most home buyers purchase life assurance when they arrange a mortgage, but only a minority obtain critical illness cover.

Critical illness assurance pays a tax-free lump sum on diagnosis of any one of a list of serious illnesses – including cancer and heart attacks. Claims statistics suggest you are five times more likely to suffer from one of these than you are to die before you reach 65.

Critical illness is relatively cheap and, on the face of it, relatively straightforward. You insure a fixed sum at the outset – usually the outstanding balance on your mortgage – this is paid out on the diagnosis of one of the 30 or so conditions listed on the policy.

Please contact us to organise a quote.

The plan will have no cash in value at any time, and will cease at the end of the term. If premiums are not maintained then cover will lapse. The policy may not cover all definitions of a critical illness. For definitions please refer to key features and policy documents.