What is it?

A Critical Illness plan is designed to pay out a lump sum or regular income on the diagnosis of certain specified illnesses. It is often ‘bolted on’ to a life assurance policy as an additional benefit but can also be a standalone plan.

 

Who is it for?

This type of plan is designed for those individuals or families whom want a lump sum if they are diagnosed with a critical illness. As an example of where this sum could be used is to repay a loan, mortgage, or perhaps pay for time off work, or could be used to pay for any necessary alterations to your home.

The quality of cover and the illnesses covered can vary significantly between different providers. As Financial Advisors we can help you find the plan that best meets your requirements.


KW Mortgage Services Ltd is an appointed representative of Advance Mortgage Funding Limited trading as PRIMIS Mortgage Network which is authorised and regulated by the Financial Conduct Authority. PRIMIS Mortgage Network is only responsible for the service and quality of advice provided to you in relation to mortgages, protection insurance and general insurance products. Any other product or service offered by KW Mortgage Services Ltd may not be the responsibility of PRIMISMortgage Network and may also not be subject to regulation by the Financial Conduct Authority. Head Office & Registered Office: KW Mortgage Services Ltd, Sladen Wood Mill, Todmorden Road, Littleborough, Lancashire, OL15 9EW.

The Financial Conduct Authority does not regulate some forms of Buy to Let Mortgage.

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