Critical Illness Cover

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What is critical illness cover?

Critical Illness insurance is similar to Life Insurance but covers life-threatening or serious illnesses, guaranteeing a single, tax-free ‘lump sum’ if you fall ill with any of the medical conditions specified. This policy is often used to repay mortgages or debt, or modify a home (such as for easier access), however the money will be yours to spend in whatever way you need.

Which illnesses does it cover?

Cover may vary depending upon the provider, who will dictate how serious a condition must be to receive a payment. However, listed illnesses commonly include:

  • Certain types and stages of cancer
  • Heart attack
  • Stroke
  • Multiple Sclerosis
  • Parkinson’s Disease
  • Alzheimer’s

Many policies also include permanent disability as a result of injury or illness, and there is often a provision for children.

What is not covered by critical illness insurance?

Any illnesses or conditions that pre-date the policy do not qualify for payment, nor will death. As an impartial, knowledgeable adviser we will be able to make you fully aware of what a policy includes, what it does not, and which product best suits your needs.

Who is it for?

Anyone can benefit from Critical Illness cover. However, it is invaluable for those with little savings or inadequate sick pay coverage from their employer. If you have a larger savings pot, or a partner who can assume your financial obligations, you may not need a policy. At Renshaw Mortgage Solutions, we can expertly assess your circumstances and needs, and find exactly the right policy for you.

Ready to chat to our advisors?

Talk to us today to discuss your protection needs. Fill in the form below and a member of our team will get back to you as soon as possible, or call 01773 861050 right now.

A selection of the lenders we work with include:

When you have questions, we have the answers.

At Renshaw Mortgage Solutions we understand that finding the right product for your individual needs can be daunting and confusing, particularly if you are looking for your first property or moving home. 

Just leave the work to us. Whatever your requirements, we can guide you knowledgeably and confidently through every step of the process and recommend only the options that are most suitable to your needs. Whether you are looking to see how much you can borrow or need to check an interest rate amount, we’ll help you with finding some of the best deals. We offer a whole variety of Nottingham mortgage services, and initial financial advice is free!

Contact Renshaw Mortgage Solutions

Renshaw Mortgage Solutions Ltd,
25 Main Road,
NG16 5JU

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