Critical Illness Insurance
Protects the insured against a listed illness or incident and pays out a single, tax-free, lump-sum payment to help cover mortgage costs, home alterations or any other deemed use necessary.
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Critical Illness Insurance
Critical Illness cover is a protection policy that protects the insured against a listed illness or incident and pays out a single, tax-free, lump-sum payment to help cover mortgage costs, home alterations or any other use.
When considering a mortgage, life assurance is generally taken to protect the family in the circumstance of the policyholder’s demise. However, with improved medical technology and research, morbidity is increasingly a concern where an illness could result in a long term inability to work. A simple life policy does not cover this outcome, and this is where a critical illness policy becomes vital.
Examples of the type of illnesses including, but not limited to:
- Certain types and degrees of cancer
- Heart attacks
- Stroke
- An option to take permanent disability coverage
It is important to note that the illness and severity must be listed in the insurers’ statement to merit a payment against the policy. Therefore, it is important to speak to one of our advisors to clarify what circumstances you can claim. At Marigold Finance, we will make certain that you have everything needed to obtain the right critical illness cover for your situation.
The policy’s cost depends on several factors, including age, health, and the amount of cover taken out. Underwriters will also look into the type of profession and risk associated with any sporting activity when considering to underwrite your unique lifestyle.
Combining life cover and critical illness forms a powerful means to protect you and your family against unforeseen circumstances. These policies impart a sense of comfort, knowing that should anything befall you, you can maintain your family home (and possibly their lifestyle) with a degree of certainty.
Buy-to-Let Mortgage
Seasoned investor or an accidental landlord, we will source the right product for you.
Life Insurance
Minimise the financial impact of your passing by obtaining an appropriate life insurance policy.
Let-to-Buy Mortgage
Outgrown your existing property? We can help to keep your existing home and buy a new one.
Income Protection
Want to protect your income? We can advise on policies that guard against accidents and illnesses.
Other Services
Critical Illness Insurance is only one aspect that we can help with. There are other alternatives and complimentary services that we offer, which may of interest. Below is a small list of what we offer.
If you would like more information, do not hesitate to contact us using the meeting link below.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Some buy to let mortgages are not regulated by the Financial Conduct Authority
