critical illness PROTECTION

BTJ Mortgages – Beside you all the way

Life and Critical Illness

Protection for your family

The most popular protection policies are for Life and Critical Illness Protection. The death of a partner is a devastating event for any family, but it can be made worse if you are left with financial problems. So life protection plans are at the centre of all risk planning. Cancer, heart attacks and strokes are the most common critical illnesses in the UK. The good news is that the survival rate is very high and many people make a full recovery, but during the illness and treatment they are often unable to work, and the family can fall into huge financial difficulties. Critical Illness Plans offer a reasonable method of protection for you and your family by providing a lump sum to repay your mortgage and allow you to recover without any financial stress.

What Critical Illness

Protection does:
  • Pays a lump sum on your death or on diagnosis of a defined critical illness


Life Assurance

Most clients we see don't have the right assurance to protect themselves or their family, have cover they don't require - or are paying way over the odds.

We can ensure you have the correct plans in place at the great prices.

Unlike many companies, we can choose the most suitable product.

Types of insurance we can advise on:

  • Life assurance - to protect your family or business
  • Mortgage protection - to cover probably your biggest debt
  • Critical illness cover - in case you are diagnosed with a serious illness
  • Income protection - pays a monthly benefit should you be unable to work due to long term illness or injury
  • Medical (health) insurance - to pay for private medical treatment

Whatever cover you need, we'll explain everything in simple terms, aim to get you the a suitable deal, and make sure you have the right policy for your individual needs.

Mortgage and Family Protection

Mortgage Protection (Decreasing) - where the life cover reduces over the policy term and is used primarily to protect repayment mortgages or loans. As the loan reduces so does the level of protection.

Level Term Assurance is often more expensive, as the cover remains constant. This tends to be used to protect interest only loans and to protect your loved ones.

The sum assured would be paid in the event of the life assured's death.

Critical Illness Cover

Most peoples standard of living would usually be seriously impaired if their earning capacity reduced or disappeared as a result of being diagnosed critically ill.

Critical illness cover has developed mainly because advances in medical science mean that people are surviving longer after diagnosis of a serious illness.

Critical illness policies pay a lump sum on the diagnosis of a specified condition or disease. The illnesses covered vary from company to company.

Income Protection

Income Protection policies provide cover, usually to coincide with your chosen retirement age.

To provide an incentive to return to work, cover is limited to a percentage of your current level of income, payable on a tax-free basis.

You have to be absent from work for a certain period before benefit is payable. This is called the deferred period and can range from 4-52 weeks or 104 weeks (options vary among insurers).

In the event of a claim the benefit will be payable until the claimant returns to work, retires or dies.

Possible Solution

There are a range of Life and Critical Illness policies that can be tailored to suit your needs.
These will provide a lump sum to repay your mortgage balance if you are diagnosed with a defined critical illness or die during the mortgage term.



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