Critical Illness Cover is a long-term policy which covers you against serious illnesses that are listed within your policy. If you get one of these illnesses, the policy will pay out a tax-free, one-off payment.
Critical Illness Cover is a type of insurance that pays out a tax-free lump sum if you're diagnosed with, or undergo surgery for, a critical illness that meets the policy definition.
It's designed to help support you and your family financially while you deal with your diagnosis — so you can focus on your recovery without worrying about how the bills will be paid.
This depends on your assessment. However, there are some Critical Illness policies that actually provide children’s cover for free. So when you are covered with this type of policy, you can actually also have coverage for your kids, subject to the terms and conditions of the policy.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Registered in England and Wales. Tyneside Mortgage Advice Centre Ltd is an appointed representative of PRIMIS Mortgage Network, a trading Name of Personal Touch Financial Services Ltd. Personal Touch Financial Services Ltd is authorised and regulated by the Financial Conduct Authority. The guidance contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. Registered Office Address" 23 Beaumont Drive, Whitley Bay, England, NE25 9UT. Registration Number: 04522811. Trading Address: 23 Beaumont Drive, Whitley Bay, England, NE25 9UT. We will charge a fee of between 0% and 0.3% of the mortgage advance. A fee of 0.3% on a mortgage of £100,000 would mean a fee of £300. The minimum fee we will charge will be £0. The maximum fee will be £395.
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