Critical illness insurance provides a substantial cash payment if you become seriously ill.

Most of us know someone who has suffered from Stroke, Heart Attack or Cancer. A Critical Illness policy will assist in providing financial security if ever you suffered from a major health problem.

Each policy will have a list of illnesses that are covered and as soon as you are diagnosed as having had one of the illnesses, a tax free cash sum will be paid to you

Any major illness changes your life. You may recover fully after a time - but, while you are getting better, normal household bills (including your mortgage) will still need to be paid. You may also need car modifications and structural changes in your home to make life easier. Unfortunately, while you recover - which may take months or even years - your income will probably be low because you are unable to work.

The insurance payment will enable you to meet your bills, and possibly even pay off your mortgage, so that you can concentrate on recovering without the stress of money problems.

A critical illness policy is one of several types of protection you must consider when reviewing your income and capital requirements.

Critical Illness Insurance is available from most major insurance companies, some mortgage providers, and a number of specialist health insurance providers. You can buy directly from one of the companies, or through a tied agent, or through an Independent Financial Adviser (IFA).

If you buy directly from an insurance company your only option will be their product. You will have greater choice if you buy from a tied agent, but only from the limited range of products that they sell - and you will receive no advice in respect of competitive policies.

Unless you are prepared to investigate the entire Critical Illness Insurance market yourself, which would be a massive undertaking, perhaps the most reliable way to acquire your policy is through a fair analysis of the market from Martin Mortgages Ltd. After discussing your personal circumstances, we will recommend the best insurance solution to suit you, from all of the products available in the market place.

Mortgage Calculator

Mortgage Glossary
1st Timer's Guide

Homemover's Guide