If you fall seriously ill, then whilst your employer may cover your income for a period of time, they can move you onto statutory six pay – which may not cover your debts or household costs.
Critical Illness Cover is there to provide you with a lump sum should you get a critical illness covered by the policy, and is important to have – especially for those who have dependants who rely heavily on the income you bring in.
If you have an queries on this article, or simply require mortgage advise, please get in touch with Bluejay Planning Ltd today.
IMPORTANT: This blog was correct at the time of writing but may now be out of date and should not be relied upon as financial advice.
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