This type of insurance pays you a lump sum (i.e. a once off) if you get one of a limited number of illnesses.
If you get a payment you can do what you like with the money.
However there's a major problem if you get a critical illness which is not one of those covered...
Critical Illness polices may be demanded and even useful to provide cover for "business protection".
But if you want illness cover we'd suggest Permanent Health Insurance is a better bet.
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Household Insurance (aka Buildings and Contents Insurance) Mortgage Payment Protection Insurance Life Insurance Mortgage Protection Decreasing Term Assurance Permanent Health Insurance Critical Illness Insurance Mortgage Indemnity Insurance
About Insurance 'tie ins" / bundling Insurance Tips
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Fixed Rate Capped Rate Discounted Rate
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Types of UK Mortgages
Repayment mortgages
Interest only mortgages Interest repayment arrangements
Complete A-Z of mortgages
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Mortgage Basics
Costs of UK Mortgages
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Mortgage Calculators
A to Z all UK Mortgage Types
Guide to Buying Home in the UK
Guide to UK Home and Mortgage Insurance
Life Insurance Guide
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