Critical Illness Cover

Financially protecting yourself and your family is the most important part of planning for your future.

Charles Mac are here to help you!

What is Critical Illness Cover?

This is a type of life assurance that pays out a tax-free lump sum if you are diagnosed with a specified critical illness.

E.G. Cancer, heart attack or stroke, multiple sclerosis, Parkinson’s Disease and Alzheimer’s.

Most policies will cover at least 40 different conditions, but it is important to read the small print to understand what exactly you are and are not covered for.

How can you use Critical Illness Cover?

If you diagnosed with a specified critical illness you may wish to pay off your mortgage, pay for adaptations on your home, repay debts or pay for further medical assistance.

It is up to you how you spend the money.

Critical Illness Cover for your Children

There are some policies available that will protect your children against a specified critical illness at no extra cost, from a reduced list of critical illnesses, or you could pay for a more comprehensive level of protection if you wish.

You could use the lump sum that is paid out to cover any loss of income into the household whilst you help your child recover.

Is Critical Illness Cover Expensive and What if I can’t afford it?

The amount you will pay for critical illness depends on your age, health the amount you want to protect yourself for and the number of years you wish to be protected.

If you like the idea of critical illness but are not sure if you can afford it, please speak to one of our advisers who will discuss all your options with you in greater detail.

Please don’t leave your options to chance! 

Call today to book an appointment to see one of our experienced mortgage brokers

01233 733900 or 01227 937300