A critical Illness can occur at anytime. You can protect yourself financially against the unfortunate event of getting one of these with some critical illness cover. This will enable your loved ones to be financially stable if in the unfortunate event of your dying.
If you had a Critical Illness and survived you would still be paid out on that specific illness, you would then be able to use the money to pay off existing debts such as a mortgage. A critical illness can be known as a stroke, cancer, Parkinson’s disease and many more. You can insure just yourself or you or have it in joint names.
You can choose from a level/term cover or a mortgage decreasing cover. Level/term insurance is the amount of cover you have chosen for instance £100,000 fixed and set over the period of cover you have chosen for instance 20 years, after the 20 years the cover will end.