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Ampthill Mortgage Studio. Mortgages. Insurance. Jargon Buster. About Us. Contact us.
Ampthill Mortgage Studio
16-18 Bedford Street
Ampthill, Bedfordshire
MK45 2NB
Tel : 01525 402722   Email: ampthillms@btconnect.com
Ampthill Mortgage Studio is an Appointed Representative of Mortgage Intelligence which is authorised and regulated by the Financial Conduct  Authority under number 305330 in respect of mortgage and insurance mediation activities only. Details of which can be found by visiting www.fca.org.uk . Please be aware that most Buy to let mortgages and Commercial lending is not regulated by the Financial Conduct Authority. We always aim to provide a high quality service to our customers. However, if you encounter any problems and we are unable to resolve them you can take your complaint to an independent Ombudsman. Our advice is covered under the Financial Ombudsman Service (www.http://www.financial-ombudsman.org.uk/consumer/complaints.htm). You may be able to submit a claim through the  EU Online Dispute Resolution Platform (https://webgate.ec.europa.eu/odr/main/?event=main.home.show if you live outside the United Kingdom or if you prefer not to deal directly with the Financial Ombudsman Service.
Critical Illness Cover (CIC)
Critical Illness Insurance will pay the policy holder a lump sum on diagnosis of one of up to 30 or more specified illnesses – the illnesses covered vary but generally include the major illnesses like cancer, heart attack and stroke to deafness, loss of limb or loss of sight.
The Lump Sum can be used however you like but is often used to repay or reduce the burden of a large debt (like a mortgage) or even pay for household bills and cover potential medical expenses.

It can be combined with a Life Assurance Policy so that a lump sum is paid out in the event of death or earlier diagnosis of a critical illness of the policyholder.
Why do you need it
Advances in medical science mean that more people are now surviving serious illness than in previous years. While this is good news, many people are faced with the realisation that they may not be able to return to work, or indeed, wish to.

Critical Illness is, in many ways, similar to Life Insurance with the difference being the insured is still alive.