When you’re applying for a mortgage, thinking about what might happen to your income if your health suddenly changed probably isn’t top of your list.
But it’s worth considering how you’d manage if a serious illness stopped you from working or keeping up with your repayments. That’s where critical illness cover in Sheffield comes in.
This type of protection offers financial support during some of life’s toughest moments. Whether you’re buying your first home, moving, or remortgaging, this cover can offer peace of mind when you need it most.
What is critical illness cover?
Critical illness insurance pays out a lump sum if a doctor diagnoses you with a serious condition listed in your policy. Many providers include illnesses like heart attacks, cancer, strokes and similar long-term conditions.
You can use the money to help pay off your mortgage, cover everyday costs or make changes to your home if your illness affects your mobility. Unlike income protection, which provides a monthly payment, this cover gives you a one-off payout that you can use however you need.
As a mortgage broker in Sheffield, we often talk to customers about building this into their protection plan. It can help if you don’t have much in savings or if your income plays a major role in keeping your household running.
Why consider critical illness insurance?
Life often catches us off guard. While no one likes to think about serious illness, it’s something that affects many families. The NHS takes care of treatment, but time off work, transport to appointments or extra help around the house can stretch your budget.
That’s where critical illness cover in Sheffield comes in. It gives you the option to ease financial pressure and focus on recovery instead of worrying about bills.
Many of our customers are surprised by how flexible this type of cover can be. It doesn’t just protect your mortgage, it supports your day-to-day life while you get back on your feet.
What conditions does it cover?
Each provider includes different conditions, but most offer protection for major illnesses like heart attacks, strokes, cancer and multiple sclerosis. Some policies also cover earlier-stage conditions, depending on the provider.
We’ll help you look through the fine print. Our mortgage advisors in Sheffield explain the details in plain terms so you know exactly what your cover includes.
How does it differ from life insurance?
This question comes up quite often. Life insurance in Sheffield offers a payout if you pass away during your policy term. Critical illness cover, on the other hand, gives you financial help if you’re diagnosed with a serious illness and continue living.
The two work well together. Many homeowners choose both, so they’re protected whether they pass away or experience a major health setback that impacts their income.
Date Last Edited: April 24, 2025
