In today’s society, we are more prone to heart attacks, cancer, strokes and other stress-related diseases. Avoidance is hard but protection is key.
Falling ill means that those monthly bills soon add up. Not being able to pay your mortgage will become an added stress that, when you are ill, you will certainly want to avoid. That is why it is vital that you take out a level of cover to protect you from any such issue.
As a responsible broker, we feel we have a professional duty to help you financially plan for the unthinkable. Critical illness policies are able to work alongside your permanent health insurance, however, unlike permanent health insurance critical illness cover pays out in a lump sum.
Your critical illness insurance will not only help you to pay your mortgage, outstanding debts or loans but will also help towards medical bills and treatment that you may need. There are enough worries without the added pressure of unnecessary ones. As a contractor, you can take the right measures to ensure that you are fully protected.
Not only is quitting smoking good for your health (and your wallet) it’s great for your insurance, if you’ve stopped smoking or using nicotine products, premiums can potentially be halved.
If you suffer from diabetes, it’s worth noting that the way you manage your diabetes could change the premium you pay. There have been a number of diabetes-specific insurance products introduced in the last 3 years whereby premiums can come down the better controlled your diabetes is.
Policies taken out prior to 2012, may be entitled to cheaper rates, despite now being older owing to the EU Gender Directive which came in meaning men and women were charged the same rates. Historically, men have paid more for life cover, and women have paid more for critical illness cover and income protection.
Our team will talk you through any questions you may have regarding your insurance policy.
If you would like to enquire about life and critical illness insurance please request a callback below.