What happens if your health seriously takes
a turn for the worse? Could you pay the bills if you had a critical or terminal illness diagnosis? Unsure how to offer financial protection for your family?
For many people, the risk of losing all your income in the event of a serious diagnosis is too big to take. That’s why critical illness cover is vital, especially if you’re a homeowner or have dependents.
The Mortgage Way are here to help protect you and your family from life’s curveballs. Having insurance will put your mind at ease, even if things get tough. Never risk losing your memory-filled family home with the right cover.
It’s completely free to work with us, and we will find you a great deal. At The Mortgage Way, we have flexible appointments outside of your working hours. So, let us help to protect for your future, so you can focus on the now.
When is the best time to
take out cover?
The best time to cover yourself for critical illness is now. The fewer underlying health conditions and the younger you are, the more affordable the policy is.
Consider your family when taking out critical illness cover. If you do become seriously unwell, you might need extra care and support. The cover means you can pay joint mortgages off (or at least a percentage of it). Even if your partner can still work, they can take time off to spend with you without financial pressure.
The insurance gives you financial stability during a time of great unease. Instead of waiting until the worst happens, protect yourself from the “what if’s”.
What’s classed as a critical illness?
Each policy has its own list of critical illnesses. Like with all insurances, there are different levels of critical illness cover – standard and enhanced. The enhanced option gives you a bigger list of things included, such as pregnancy issues.
Different cancers, heart attacks, loss of limbs, strokes, liver diseases, Parkinson’s, head trauma, MS, and others are usually included. We will discuss with you all the options so that you can decide which protection is best for you.
Critical illness does not have to be terminal. Often people suffer from an illness, claim on their policy, but then recover. This insurance allows you to move on from hard times with better financial security.
How is it different to
income protection?
Critical illness cover is not for short-term illnesses
and injuries. It does not cover unemployment
through redundancy, as income protection does. It’s
for serious diagnosis’ that people will either never
fully recover from, or it will take a long time to.
How is it different to
life insurance?
Life insurance pays out to help your family
in the event of your death. Critical illness cover
is to help you financially when you’re still alive
but dealing with a serious illness.
How do I choose the right cover?
Book an appointment with one of The Mortgage Way
team to run through your needs. We will take note of
your family health history and current situation.
Make sure you are honest and disclose all information requested.
You will need to outline any pre-existing medical conditions to us.
In 2021, out of thousands of critical illness cover claims only 2% were
rejected. This was due to ‘non-disclosure’, where claims
are not paid out are due to incorrect information.
Why choose The Mortgage Way
for critical illness cover?
The Mortgage Way service is free of charge. You only pay for
the insurance itself; we don’t charge or take a cut from you.
We can also help you with the bigger picture when it comes to financial advice. Protect yourself and your family with life insurance and income protection. Get mortgage support at any stage, from first-time buyers to re-mortgages. We offer plans that grow with you and work together for your best interests.
Ready to book an appointment? It couldn’t be easier. Get in touch to arrange a time that suits you. Our experienced brokers will run through the best critical illness cover available to you.