Life insurance is a great way to help protect your family and give them financial security if you or your partner were to pass away.
It will provide a tax free cash lump sum which can help with household bills, child-care costs, university fees or covering mortgage payments.
If you have dependents; school age children, a partner who relies on your income, or a family living in a house with a mortgage you pay a Life Insurance Policy can provide for them in the event of your death.
Unfortunately, you can’t rely on the Government to take care of your family and the income from the state is generally much lower than expected. If you want to provide for your family financially should you die a Life Insurance policy can be the solution for you.
The right one for you will depend on your individual circumstances, such as how long you’d like the protection to last for, how much money you want the policy to pay out in the event of a claim, and how much you can afford to pay in premiums.
One of our experienced advisers can help you determine what’s right for you and your family, at the best possible price for you.
Sadly, anybody can be affected by a critical illness and nobody knows what is down the line but a Critical Illness Policy can provide a financial cushion. If you were unlucky to be diagnosed with an illness, covered by your policy, you will receive a tax free, lump sum payment.
This lump sum will go somewhere in helping you through a difficult time. There are no restrictions on how you choose to spend your lump sum. You could, for example, use it to help pay your mortgage or rental payments, reduce your working hours, pay for living expenses or debts or perhaps adapt your home.
On diagnosis of a specified critical illness the insurer pays out a lump sum. When the money is paid you can use this to pay off your mortgage, eliminating your biggest monthly outlay. You could potentially take a year off work to recover and go back when you feel fit, healthy and ready and not when the bills start coming in, so there is less pressure on you.
In fact you can do whatever you wish with the money and that is the point of Critical Illness Cover; It gives you flexibility when you need it most, giving you complete peace of mind.
No Critical illness Insurance policy is identical and the numbers of conditions that are covered differ from one insurer to the next. All insurers cover all major illnesses such as some forms of cancer, heart attack and stroke. However, how they define the conditions varies from company to company.
It is important to speak to an expert adviser to find out what you are covered for as every insurance company is different. Our job is to save you time and money and help you select the right policy for you and your family. Get in touch to find out how we can help.
How would your family cope if you became critically ill? What would happen if you were to lose your earnings through serious illness? How would you pay your bills? You may be lucky and receive some help from your employer but this may be for a limited time only. Not all employers can afford to support employees for long periods of illness.
Critical Illness cover means not having to worry about mortgage payments or household bills if a critical illness occurs. You and your family can remain living in the family home with no changes to your lifestyle. Childcare and University fees can still be maintained.
If you want to find out how you can protect yourself and the people you care about take advice from our advisers. Get started by pressing the button below to obtain your quotation.
Billings Mortgage & Insurance Services Limited.
Registered Office: Derngate Mews, Derngate, Northampton NN1 1UE.
Company Registration: Number: 10790453. Registered in England and Wales.
Billings Mortgage & Insurance Services Limited is an appointed representative of Sesame Ltd which is authorised and regulated by the Financial Conduct Authority.
©2026 Billings Mortgage and Insurance Services Ltd. All Rights Reserved. Website build by Showcase Web Development
