Critical Illness Cover

This has become very popular for mortgage protection over the last few years as people realise the effects that a serious illness can have on their earnings.

In fact you are much more likely to have a critical illness before the end of your mortgage term than you are to die. It has been estimated that 1 in 5 males and 1 in 6 females will suffer a critical illness before age 65 (Source: GE Francona 2001).

The important thing to realise here is that although many people do experience a critical illness, a large number survive and it is the cost of the change in lifestyle imposed on you by the critical illness that the cover is for.

Critical illness cover would repay your mortgage if you suffered from one of a long list of illnesses such as cancer, stroke or heart attack and this would reduce your financial outgoings at a time when you could be facing a substantial reduction in income.

For more information and to obtain a quotation for cover call BuildStore on 0870 872 0908.