Protecting your mortgage

Critical illness cover is another important type of protective cover that should be considered by those with a mortgage. If you are diagnosed with a critical illness your ability to work will, of course, be affected, and this could result in you being unable to make repayments on your mortgage . With this type of cover you will receive a lump sum payment if you are diagnosed with a critical illness and can use this to repay your mortgage.

You will not have to repay the money even if you recover from the illness, but once you have received a payout your policy will be null and void. You will find that your premiums will not be hugely affected by adding this cover, and the protection and peace of mind that it provides can prove invaluable.

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