Critical Illness Insurance
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This type of insurance is vital to members of your family should you be diagnosed with a terminal illness.
- It would guarantee a tax free lump sum should you be diagnosed as terminally ill.
- It would help to ensure that your family are protected from initial hardships.
- Most critical illness insurance policies have a large list of terminal illnesses that you can take out cover for.
We all wish for our dependants to be able to cope and be able to maintain their standard of living if the worst happens and we can no longer be with them. When you take out a mortgage you will often be asked to consider critical illness cover. This sort of cover will usually ensure that should you die your spouse will have no worries about the mortgage payments, as the mortgage is usually paid off at the event of a death.
