Uncertain times boost appetite for protection

Critical illness policies were originally sold with the intention of providing financial protection to individuals following the diagnosis or treatment of an illness deemed critical. The benefits received could be used to fund the costs of the care and treatment, pay for recuperation aids, replace any lost income due to a decreasing ability to earn; or even enable a change in lifestyle. In the UK critical illness cover originally gained most support as an add-on to mortgage related endowments allowing people to repay their mortgage if diagnosed. But with the demise of this market, it ...