Serious Illness Protection

Protection to cover you if diagnosed with a Serious illness or Critical illness

Critical illness cover pays out a tax-free lump sum if you are diagnosed with a major illness as specified in the policy, for example, cancer, and heart disease.

 

Some insurers will make a part payment on an early-stage diagnosis of a condition specified in the policy, the percentage will vary from company to company.

Many people buy a combined life and critical illness policy, and it often makes sense to do so.  In this case, a payment would be made for either diagnosis of a critical illness, or death, whichever is the sooner.  If the cover is combined in this way, the policy premium is usually cheaper than it would be for separate policies, as there is only ever one lump sum paid out by the insurance company.

 

Serious Illness cover or Critical Illness cover protects the insured against specified illnesses that the insured persons may be diagnosed with, during the term of the policy. 

 

Statistically, as life expectancy increases we are more likely to be diagnosed with a serious or critical illness during the term of the policy than we are of dying.  More and more customers see this type of Protection as a requirement and are often taken out in conjunction with Decreasing Life Insurance or Level Term Insurance.

 

It is important to consider whether, in the event of being diagnosed with critical or serious illness, how you and your family would live from month to month and fulfil your financial obligations. 

 

Having a cash lump sum to be used to pay your monthly commitments or repay some or all of your mortgage should be seriously considered when thinking about taking out life insurance.

 

Our protection specialists are able to provide you with a no-obligation protection quotation for serious illness or critical illness cover.

 

Simply fill in this form, opposite or contact one of the team to discuss your needs.

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Legal Information

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP REPAYMENTS ON YOUR MORTGAGE OR OTHER LOAN SECURED UPON IT.

 

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.  REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. 

 

 

The Money Bee, which is a trading style of Mortgage and Loans Limited, based in Stafford, (Financial Services Register number is 757812).

Terms and Conditions

There may be circumstances where we need to charge a fee.  In these instances, we will notify you at an early stage which could be £125 upon application and an arrangement fee up to £495, or £995 for specialist mortgages, on receipt of the mortgage offer.

 

Parkfield Business Centre, Park Street, Stafford, Staffordshire, ST17 4AL

Telephone 01785 878 555

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Parkfield Business Centre, Park Street, Stafford, Staffordshire , ST17 4AL