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Critical Illness Cover in Durham

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Critical Illness Cover in Durham

Safeguard against life's uncertainties. With a broad range of policies, we'll help you find tailored protection for your needs.

0191 303 9786

What is Critical Illness cover in Durham?

Critical Illness Insurance offers a lump-sum payment in the event of significant health issues, such as specific forms of cancer, heart attacks, or strokes. It provides financial support for the diseases outlined in your policy. Keep in mind that not all serious illnesses are covered, and your policy will contain specific details.

As a protection broker in Durham, we tend to find that a claim might be denied if the applicant fails to disclose certain health conditions during the application process. This exclusion does not apply to conditions unknown or absent at the time of application.

If the condition is covered by the policy, the lump sum is paid out, regardless of the ability to return to work. The claimant has full discretion on how to use the lump sum. Many people choose to pay off their mortgage, cover medical expenses, or invest in home improvements.

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Critical Illness Cover in Durham

Why look into Critical Illness cover in Durham?

When seeking protection and protection advice in Durham, it’s essential to consult with a qualified protection specialist before committing to any coverage.

Critical Illness Cover typically has a higher likelihood of claims compared to Life Insurance, which may result in higher costs. Your protection and mortgage advisor in Durham will assist you in finding the most advantageous deal.

It’s important to note that survival rates for the covered conditions have improved significantly over the past 30 years. However, falling ill with these conditions can still lead to financial difficulties, particularly if you have a mortgage, dependents, or significant credit commitments.

What is critical illness cover in Durham?

Critical illness cover, also known as critical illness insurance or CIC, is a type of insurance policy that provides a lump sum payment if the policyholder is diagnosed with a specific critical illness or medical condition listed in the policy. In Durham, as in other areas, this type of coverage is designed to offer financial protection in the event of serious health issues.

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Critical Illness in Durham FAQs

How does critical illness cover in Durham work?

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Critical illness cover in Durham works similarly to such coverage in other locations. Policyholders pay regular premiums, and if they are diagnosed with a critical illness covered by the policy, they are eligible to receive a tax-free lump sum payment. The specific illnesses covered and policy terms can vary between insurance providers and policies. It’s essential to carefully review the policy terms and conditions to understand what conditions are covered and under what circumstances the payout is made.

Why should I speak with a protection specialist when looking at critical illness cover in Durham?

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Speaking with a protection and protection advisor in Durham, is advisable because these professionals have expertise in the insurance market and can help you find the most suitable critical illness cover for your unique needs.

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Our Simple Step by Step Process

Free 30-Minute Insurance Review

Step 1

Discuss with a dedicated protection advisor about possible relevant insurances you would like to take or that we can suggest to you.

Your protection advisor in Durham will run through you health background with you, gathering some initial information.

We Will Search Through Different Insurance Products

Step 2

We will build a tailored plan surrounding your current personal and financial circumstances, meeting your available monthly budget.

Our team can search through 1000s of insurance products to find the most suitable one, to protect you and your family.

Submit Your Insurance Application

Step 3

Once we have found the appropriate product for you and you are happy to proceed, we will submit your application to the provider.

From time to time, the policy provider may come back to us for further information, before they will look at accepting the application.

Protecting You and Your Family

Step 4

If you took out your mortgage with us too, we will be back in touch with you at remortgage time. We will also take this time to review any policies you have in place.

Circumstances change and the policies you took out at the start of your mortgage, may no longer be suitable for you at remortgage time.

Reasons to Choose us

Free Insurance Review

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Here our mortgage broker in Durham all our customers are offered a free, no-obligation protection review which involves speaking to one of our Insurance Advisors in Durham who will assess your suitability as well as look into existing policies in place. Remember, insurance could be very beneficial for your future.

1000s of Deals

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Our qualified protection advisors in Durham, provide a tailored service that can help you find the best cover for you and your circumstances. Furthermore, we understand that affordability is key, which is why we find the type of cover that is fitting for your family’s priorities and budget.

Our Service

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Take a look at our fantastic reviews by heading over to our reviews page. You may find that someone has been in a similar situation to you before and we have been able to help.

7 days a Week

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If you are looking to take out a menu plan (one or more insurances at once) we can also help with that! All you have to do is get in touch with our team and we can run through some quotes with you.

Malcolm and Amy Davidson - Mortgage Advice in Durham

Finding you the Right Critical Illness Deal in Durham

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HSBC
Nationwide
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Aldermore Mortgage Lender
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Virgin Money & Mortgages
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Common Critical Illnes Scenarios in Durham

Why should I get critical illness cover in Durham when I have life insurance?

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Critical illness cover, also known as critical illness insurance or CIC, is a type of insurance policy that provides a lump sum payment if the policyholder is diagnosed with a specific critical illness or medical condition listed in the policy. In Durham, as in other areas, this type of coverage is designed to offer financial protection in the event of serious health issues.

Can I buy a Critical Illness cover for both me and my partner?

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For those seeking added protection, joint critical illness cover is an option to consider. It provides financial support if either you or your partner experiences a critical illness. The advantage is that it pays out in full even if only one of you is affected.

How does critical illness cover differ from income protection?

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If you’re diagnosed with any of the conditions outlined in your policy, you’ll receive a lump-sum payment from your critical illness coverage. This payment is designed to assist you and your family. In contrast, income protection offers ongoing income in the event you’re unable to work due to illness or injury. It can be paid until you reach retirement age. Unlike critical illness cover, income protection guarantees payment if you’re unable to work, whether you recover or, in the worst case, pass away.

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Durhammoneyman.com & Durhammoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.

UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.

We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

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