Critical Illness Cover
Critical illness cover pays out in the event that you are diagnosed with a specified illness. The most common claims include heart attack, stroke and certain types of cancer. In most cases, children can also be included with in the policy.
This policy pays out a tax free lump sum which you can then use as you wish, either to pay off your mortgage or to make home alterations, such as wheelchair access, that have to be made as a result of an illness or injury. This can be invaluable during a stressful time, especially if you are unable to work for a long period of time.