Your home may be repossessed if you do not keep up repayments on your mortgage.
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How is a Life Assurance or critical illness pay-out made?
How is a critical illness pay out made?
The payment will be made as a lump sum. Although the policy may have been arranged at the same time as your mortgage, there are no rules how the money must be used. You may decide to use some of the money to make alterations to your home, use the money to pay medical bills, reduce or pay off the mortgage. It is entirely up to you.| Previous : Critical Illness Cover claims | Next : Pay Out Implications |
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