Critical Illness Critical Illness Insurance can be an expensive luxury, but you can have some cover without breaking the bank. Do you want to understand more about exactly which policy is suited to you? Have a listen to the 60 second clip and if you need to know more get in touch via email hello@patrickjamessolutions.co.uk Your home may be repossessed if you do not keep up repayments on your mortgage.
hello and welcome to today’s 60-second snippet into the mortgage protection world and today’s subject is critical illness. Now critical illness can be expensive, it’s not as cheap as life insurance. Now it is important that you understand the consequences financially for having or suffering a critical illness and if it’s a joint mortgage or joint asset that you protect them or your family. you need to think of the impact it can have financially. I believe it’s worse than a death if you’re dead you’re dead and your life insurance pays out and you’ll get on. Critical illness could mean that both of you need to stop working to care for one another, care for family member, critical illness could cripple your finances and that’s why it needs to be discussed properly with someone that knows what they’re doing you need to understand exactly the type of policy you need and then work with your advisor on your budget.