What other types of insurance policy should I consider along side critical illness cover?

In addition to critical illness cover you should also consider: -

• Mortgage Payment Protection insurance
• Income Protection insurance
• Life Insurance

Income Protection Insurance
Income Protection insurance pays you a regular income should you have an illness or be involved in an accident that causes you to be off work or become unemployed. Most policies will continue to provide income for 12 months.

If you claim there will usually be a waiting period of 28 days but on good policies, the payments will be backdated to the first day you were off work.

Mortgage Payment Protection Insurance
Mortgage Protection Insurance pays your monthly mortgage payment if you are off work due to illness, accident or unemployment. Most policies will pay your mortgage for 12 months.

If you claim there will usually be a waiting period of 28 days but on good policies, the claim is backdated to the first day you were off work.

Full details of this and other types of insurance are available when you speak to ClickLife.

Life Insurance
Life Insurance pays a tax-free lump sum if you were to die. It is often used to settle outstanding loans and mortgages, provide money for your family to live on or simply to leave as a gift.

To a certain extent there is an overlap in its uses with critical illness insurance but we suggest that the primary function of critical illness insurance is to help you financially whilst you are alive (but ill) whereas life insurance helps your family after you are gone.