Critical illness insurance pays out when one of the specified critical illnesses occurs. For example, following a heart attack, stroke, cancer or some other specifically defined critical illness.
Cover is for a set term, which may be equal to a mortgage term, or for when children have grown up, until retirement, or until another life stage milestone is achieved. It may be worth considering having one policy for a set term to cover the mortgage and another that will provide money to help provide for your different lifestyle if a serious illness happens.
Most people choose a lump sum to be paid out. There is the option of receiving the payout as a set income over the term remaining, which is often a lower-cost option.
Brilliant service from Daniel. He handled everything expertly and was professional throughout. He ensured I fully understand the terms and conditions of my mortgage. Will be using Daniel again in the future
Great service, quick to answer all queries and works hard to get the best for clients,
Dan was brilliant from start to finish! Took all the stress away from what can be a very stressful process. Would highly recommend him and I’ll be using Dan and his services again in the future.
By far the best mortgage advisor around! Would highly recommend to anyone who’s looking for their first mortgage or about to renew. I recently renewed my mortgage and Dan saved me a fortune every month! Thanks again.
I used Daniel for remortgage of my property - answered any questions with clear expert knowledge and can only recommend him for others.
