This is a really important area of financial planning. Life cover and critical illness cover will ensure that in the event of a critical illness or death your mortgage, your loans and the family are protected.
Most home buyers purchase life assurance when they arrange a mortgage, but only a minority obtain another form of financial protection that they are five times more likely to need before they reach retirement.
Critical illness assurance pays a tax-free lump sum on diagnosis of any one of a list of serious illnesses – including cancer and heart attacks.
Claims statistics suggest you are five times more likely to suffer from one of these than you are to die before you reach 65. Critical illness cover can provide cash to allow people to pursue a less stressful lifestyle while they recover from illness, or use it for any other purpose