Why Homeowners Should Think About Critical Illness Cover
Buying a home is one of the biggest financial commitments you’ll ever make. But what if a serious illness meant you couldn’t work for months, or even years?
Without a plan in place, keeping up with mortgage repayments and everyday bills could become overwhelming. That’s where critical illness cover can make all the difference.
What Is Critical Illness Cover?
Critical illness cover is an insurance policy that pays out a tax-free lump sum if you’re diagnosed with certain conditions named in your policy. Commonly covered illnesses include:
- Cancer (of specified types and severity)
- Heart attack
- Stroke
- Multiple sclerosis
- Major organ transplants
Some policies also provide partial payouts for less severe conditions, helping with recovery costs or lifestyle adjustments.
How It Helps Homeowners
The right cover could allow you to:
- Pay off your mortgage in full so you never have to worry about repayments while recovering.
- Fund medical treatment or private healthcare to aid recovery.
- Adapt your home with ramps, stairlifts, or accessible bathrooms if needed.
- Provide financial breathing space, so you can focus on your health rather than rushing back to work.
Why We Recommend Mortgage Tribe
At avocado property, we’ve seen how unexpected illness can impact homeowners and their families. That’s why we recommend Mortgage Tribe:
- They give personalised advice that reflects your mortgage, commitments, and lifestyle.
- They provide clear explanations about what is and isn’t covered.
- They tailor policies to fit your budget, without unnecessary extras.
Next Step
If you don’t currently have critical illness cover, or your policy hasn’t been reviewed in a whilem now is a good time to make sure your home and family are fully protected.
Connect with Alison at Mortgage Tribe by dropping a message for a no-obligation protection review.
