Health Insurance

This is an area that tends to be neglected. There are basically two types of cover that may be looked at.

One type of cover is one that you would "normally " use in conjunction with a mortgage or loan. This can provide cover for a maximum specific term of usually one to two years.

It can pay out on selected benefits such as sickness and redundancy. This can be used to pay the mortgage until state benefits may become available.

The second type of cover is permanent health insurance. This is protection that can last until a pre determined time such as retirement. It is usually payable after a deferred waiting period and whilst in payment it can continue until you get better or to the end of the chosen age is reached.