Critical Illness Insurance

When thinking about arranging critical illness insurance cover, you should try to estimate what your loss of income will be and what money you will need to compensate for the earning power which the illness deprives you of. It may be worth investigating roughly how much it would cost to make alterations to your home to accommodate you should you be unable for example to use stairs. Sufficient benefit to pay off the balance of your mortgage would provide enormous peace of mind should you become unable to earn and therefore continue to make mortgage repayments. Many advisers recommend setting your covered amount at three to four times your annual salary.2