Permanent is adding critical illness cover to its mortgage protection range, with its Critical Illness Mortgage.

The stand-alone policy can be directly linked to a repayment mortgage, including the new breed of flexible mortgages.

There are a two main situations where this policy can be used.

First, where people wish to add critical illness cover to existing life cover. This includes both those wanting a straightforward addition to a life mortgage protection policy and those who have switched from an endowment to repayment mortgage but kept their endowment in place as a savings and protection vehicle.

Second, where single homeowners may have chosen not to take any life cover.

Examples of the cost of cover for a £80,000 repayment mortgage over 25 years:

MalesFemales
AgeMonthly
premium
AgeMonthly
premium
25£11.2025£13.02
30£13.6530£16.38
35£17.8535£21.28
40£25.6240£28.49