Critical Illness Cover
Whole of Market
Our Protection advisers will complete a comprehensive appraisal of the market and provide with you with the best cover options
You will recieve Key Facts documents about any product that is recommended, as well as a details demands & needs summary which will outline the advice given by the adviser
Best Deal Available
Our team of advisers will find you the best prices available on the market. In some cases, they are also able to offer bespoke terms through direct contact with Underwriting departments
Our advisers will continue to monitor the performance of the recommended cover each year, where appropriate they will revisit the market to obtain the best terms for clients where appropriate
What is Critical illness cover?
Critical illness cover will pay out if you get one of the specific medical conditions or injuries listed in the policy. But be aware that not all conditions are covered and policy will also state how serious the condition must be.
Examples of critical illnesses that might be covered include heart attack, stroke, certain types and stages of cancer and conditions such as multiple sclerosis
Most policies will also consider permanent disabilities as a result of injury or illness. It only pays out once and then the policy ends. Some policies will make a smaller payment for less severe conditions, or if one of your children has one of the specified conditions.
Decide on the level of cover you need
In a time where you will face a significant length of treatment, returning to work will not be your priority. Make sure you work out your total cost of living, including any long term liabilities such as your mortgage or medical expenses
Additional members to be insured
Some policies allow you to add additional members for less than the cost of their own individual policy. Some schemes even include some basic cover for your children as standard – make sure you shop around for the best deal
Pre-existing medical conditions
Any pre-existing medical history will likely have a knock-on effect on your policy underwriting and overall premum. Make sure you disclose everything asked by your adviser as even prescribed medication can change your terms.
Protecting your family
Our advisers are able to compare and advise on a range of Insurance including: Private medical Insurance, Life Insurance, Dental Cover, Critical Illness and Income Protection to make sure your loved ones are as cared for as possible.
Critical Illness Cover
If the unthinkable happens & you are diagnosed with a life changing condition you can be safe in the knowledge that your life expenses can be taken care of, so that you can focus on a recovery.
When a person dies unexpectedly, the loss of life often has repercussions beyond just immediate family. This is especially true if the individual was a business owner or a key member of a business.
Why do i need Critical Illness Cover?
State benefits might not be enough to replace your income if something goes wrong. If you’re eligible, welfare benefits range from around £70 a week to just over £100 a week, depending on your circumstances (i.e. whether or not you have children, a certain level of savings, or if your partner works).
Critical illness cover is an ideal product for a family with one main earner,when struck down with a major medical problem, financial commitments like mortgages and loans still need to be paid for. When facing a life changing condition, focus needs to remain on recovery, not stressing about making ends meet.
How Are Critical Illness Premiums Calculated?
Business Premiums are calculated based on a number of varying factors which can change year on year. The level of exposure to certain risks will effect how much an Insurer will look to charge you. Variables include:
- What type of business you are
- The size of turnover
- The number of employees
- What kind of claims you’ve been subject to in the past
- Your health and safety record
- Your level of exposure to customers/clients
All these questions can determine the level of risk your business presents to an insurer. If your business has been subject to claims in the past, then its risk may be determined to be higher and an insurer may increase the premium, making cover more expensive. Similarly, if your health and safety record is less than squeaky clean, you could find your insurance cost increased. The most important thing to remember is to be as accurate and honest as possible with your adviser, otherwise an Insurer may change terms of cover or invalidate the policy all together.