Many of us are conscious of our mortality and have sensibly made provision to protect our family and our business in the event that we die. However, fewer allow for the more likely risk that we may first suffer from a critical illness which not only prevents us from working, but in the case of a business owner, perhaps requires us to employ a third party to cover for us, or raise money to liquidate our share of a partnership.
Such insurance is usually referred to as Critical illness cover and usually covers against a myriad of critical illnesses including, heart attack, stroke, MS, certain stages of cancer and perhaps even injury incurred as a result of a car accident.
Unlike other insurance, critical illness cover allows for a one-off payment in the event of illness. If you want to protect your income in the longer term then you should consider Income Protection Insurance which will provide the holder with an income stream to replace previous income or bolster any benefits you might then be entitled to claim due to your illness.
Of course, making provision through savings or by making your finances flexible will also help when the worst happens. Plan ahead and reduce the effects on you and your family should you fall prey to serious illness. Ask us for details.
Contact Mortgage Required to speak to a mortgage adviser on 01628 507477.
Related articles:
Download our Free First Time Buyers Guide
Recent posts
The Financial Conduct Authority (FCA) has shared new changes to mortgage rules with the aim to simplify remortgaging, and encourage competition within the mortgage market.
Lloyds boost lending for first-time buyers
4 days ago
Lloyds Banking Group has jumped on the bandwagon to boost lending for first-time buyers as they allocate an additional £4 billion to help first-time buyers on to the property ladder.
As the Loan to Income (LTI) cap has been increased to 5.5 times income, applicants who fit the First Time Buyer Boost criteria could borrow up to 22% more.
The government is introducing mortgage reforms to boost homeownership, stimulate economic growth, and make the housing market more accessible, especially for first-time buyers.
Chancellor Rachel Reeves has announced the most significant mortgage reforms in over a decade—great news for those dreaming of homeownership.
Nationwide ease their ‘Helping Hand’ mortgage designed to help first-time buyers get onto the property ladder by allowing them to borrow up to six times their income.
Ways to save money over the summer holiday
13 days ago
Keeping the kids entertained over the six-week summer holidays isn’t always easy, especially with the cost-of-living making it even more difficult. Below is a list of fun, inexpensive ideas to do over the break
The Financial Conduct Authority (FCA) has published a discussion paper about the future of the mortgage market in a bid to improve access for first -time buyers, self-employed, and those borrowing in retirement.
Ever wondered where the most reasonably-priced towns for families to buy are? Property company, Zoopla has identified the top 10 towns for families to live in the UK by looking at the most affordable towns, and how many people are looking in that area.
Increase in zero-deposit mortgages in 2024
18 Jun 2025
There was a 32% increase last year in 100% loan-to-value (LTV) mortgages which are mortgages that require zero deposit. According to a recent report by chartered accountants and business advisers, Lubbock Fine, the reason behind this is buyers simply struggling to save enough for a deposit.
More information
Trusted by
