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How does Critical Illness Cover work?

Critical Illness Cover is something we are passionate about. Protection is crucial to safeguard against future uncertainties. We understand this isn’t a topic you want to dwell on, so we’ve made it easier for you!

You might have heard that Critical Illness Cover is too expensive or that insurers are unlikely to pay out. However, we have various solutions to address these concerns. We work within your budget to find a policy that suits your needs and only collaborate with insurers who genuinely support you.

Or perhaps you think you don’t need it because you are too young or don’t have a mortgage? But have you considered how you would manage financially with an income that might be affected, potentially for the rest of your life?

How does the process work?

First, we can send you a list of conditions for each insurer to clarify what you’ll be covered for. This ensures everything is clear and straightforward. Secondly, we’ll simplify any medical jargon that might be confusing. We’ll explain how insurers might decline applications, exclude certain conditions, or increase premiums based on your medical history. This is why disclosing accurate information about your health is crucial when applying for cover.

Options

If you are seeking cover, chat with us directly. We can conduct the research for you and present several options, including different levels of affordability. You’ll be actively involved in the decision-making process, receiving bespoke advice tailored to your needs.

Even if you might not qualify for Critical Illness Cover, we can explore alternative options such as life cover or cover for your children or pregnancies.

Real-life scenarios

You might have heard about insurers not paying out, but this is usually due to non-disclosure or failure to meet policy definitions. We’ll assist you in ensuring this doesn’t happen, as in reality, insurers pay most claims. Only a small percentage are rejected, and always for valid reasons.

Moreover, you don’t need to have a terminal illness to make a claim. For example, did you know you can claim for conditions like having skin cancer removed? Even a hospital stay can be covered!

Critical Illness Cover addresses the living side of life. You do not need to be dying to benefit from a payout.

Our role as advisers is to help you understand the ins and outs of Critical Illness Cover to protect you and your family. Contact us today to discuss your options!

SPEAK TO AN ADVISER

Source: https://protectionguru.co.uk/how-to-handle-client-objections-to-critical-illness-cover/

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Fairview Financial Ltd is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority. Fairview Financial Ltd is registered in England and Wales no: 10912424. Registered office: 107 Promenade, Cheltenham, GL50 1NW.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

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A fee may be charged for mortgage advice. The exact amount will depend on your circumstances.

Our standard fee for mortgages is £395 and this is paid when the mortgage is offered. We charge a fee of £295 First-Time Buyers. Other fees may apply depending on the complexity of the work involved or loan amount. The maximum fee we can charge is £795.

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