Types of Critical Illness cover

You can choose one of the following options:

The lump sum that would be paid out keeps going down each year to match the amout on your repayment mortgage provided the interest rate on your mortgage does not go up to more than 12%.

The lump sum that would be paid out if you choose this cover, is fixed when you start paying the premiums, and will not change. If you choose this cover, over time inflation will reduce the buying power of the sum assured.

Both the lump sum that would be paid out and the premiums you need to pay go up each year in line with rising prices.  We measure this using the Retail Prices Index (RPI).

Whichever option you choose, if you stop paying your premiums, you may not be covered when you need it most. This plan has no cash in value at any time.