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
Here are the lowest fixed mortgage rates of the week, available to first-time buyers, home movers, buy-to-let, and those remortgaging.
Call us for more information: 01628 507477 or email: team@mortgagerequired.com.
A welcome change in school is coming as financial literacy is due to become compulsory in schools in England.
The Government has announced that as part of the new national curriculum, children in primary and secondary education will be required to learn about budgeting, compound interest, managing money, and mortgages.
The top 10 most beautiful villages in the world
19 days ago
Forbes has published a global ranking of stunning locations and one popular picturesque corner of the UK has nabbed top spot.
Over three years after the Mini-Budget took place, we look at what the mortgage market looks like now, showing the difference in mortgage repayments.
The government has announced plans to make buying or selling a home cheaper and quicker with what is being called the “biggest shake-up to the homebuying system in this country’s history.”
More borrowers using equity release
1 Oct 2025
Almost one in five equity release mortgages are now taken out to provide financial support to family.
Buyers purchasing properties sooner
29 Sep 2025
According to industry data, the expected wait for those looking to buy a property has dropped from just over 11 months to less than six months.
It is common for your first mortgage payment to be higher than your subsequent monthly payments for two reasons.
More information
Trusted by
