Critical Illness Cover

You want to be sure that the critical illness cover you are looking at is considered a good contract. When researching the market you will hear many different facts and in some circumstances you may believe what one person tells you and ideally you need to shop around to make sure that what you are being offered is correct and right for your needs. There are a number of forums and websites where people discuss what they think about the different companies and there service along with contract itself. This is not only apparent in the financial industry but also when you buy for example a car or house insurance. Most people have different experiences and it is always good to hear what others have to say.

You may want to consider what an independent research company has to say about the critical illness cover you are looking at taking out for example the Defaqto star rating. Defaqto star ratings are a way of analysing the plan by the number of stars the contract has been given, for example a contract may be awarded one star or if they feel it is a good contract they may award it five stars. The star rating is a simple way for everyone to identify as it fairly self explanatory. As they are independent you can be assured that there decision is not biased and therefore one of which you may feel you can trust as they also rate a number of different policies within the market. If the information is available for you to look at you can then decide whether or not you think the contract is worthwhile and worth the price you have been offered it for. You may be looking at a couple of products within the market and so the star rating may be able to help you decide which one you should go for however the price of the contract should always be taken into consideration as it should be affordable both now and in the future.

The critical illness cover policy is designed to give you a financial boost to assist you in placing your concentration on recovering after your accident or illness. This financial boost comes in the form of a substantial lump sum payout that will help towards the payment of your mortgage or rent, important utility bills, personal loans and more. We understand the devastation caused by a family member or close work employee and colleague becoming dangerously ill and that impact that their illness can have on the running of a business. In that respect, as one of the leading experts in providing swift and tailored critical insurance cover, we do all we can to provide the best possible service at the most competitive prices.

Many of the critical illness cover quotes you receive varies with different insurance brokers and here at criticalillness.co.uk our specialist underwriters and fully trained advisors are on hand to assist you throughout your application process and subsequently throughout the term of your policy. As an employer we offer you a tailored solution that includes an attractive benefits package, affordable employee benefits and important access to financial support in which businesses and companies have the ability to provide financial assistance to important and key staff members and employees that are suffering from critical illnesses. With offering affordable employee benefits, you can offer cover to employees at a lower discounted rate. What this does is offer a great level of protection at a rate that can be easily managed by your employees, giving a good level of critical illness cover in the event of a claim arising and the need for extra financial assistance becomes evident.

From the employees point of view, the critical illness protection plans can offer assurance of financial protection, giving you the support you need when most important. Our ability to generate the right peace of mind is important to us and here at criticalillness.co.uk we remain dedicated to protecting your best interests by generating the most beneficial critical illness cover plans for a wide array of individual clients, businesses and large companies. Often costing far less than private health insurance and offering a variety of coverage unlike life insurance policies, as an employee you will find a sense of value to your employer when they offer you access to great critical illness cover.

Critical Illness Insurance

Here at criticalillness.co.uk you can discover affordable ways in which to protect your precious workforce in addition to suitable plans for individual and group members. Our principles are rooted in providing the right cover to suit the needs and requirements of businesses and their employees. Tailored, bespoke solutions are managed properly, giving both groups and individuals the most important critical illness insurance cover. When you choose our services you can rest assured that you are in the safest hands and we work to utilise our vast expertise, knowledge and resources to deliver the right results when you need assistance the most.

We understand the importance of having insurance cover against critical illnesses such as cancer, heart attacks, kidney failure, multiple sclerosis, strokes and many more. Our commitment to being involved at every possible stage to ensure financial stability through your hours of need, has enabled criticalillness.co.uk to gain a strong reputation as being one of the most appreciated and professional niche insurance providers.

Here at criticalillness.co.uk we arrange effective and affordable critical illness insurance policies that are designed to accommodate the needs and requirements of our clients in the unfortunate event of a critical illness being diagnosed. Whatever critical illness package you choose, as an employer or an employee, you can be sure that our policies are flexible to be tailored to your needs.

Even in the direst of circumstances you can be sure that here at criticalillness.co.uk you can be sure that with the right critical illness cover we can help lessen the load on you and your family’s shoulders. Critical illness insurance purchased with ourselves can be tailored to meet your demands, enabling you to receive a lump sum payout should you or an employee registered within your policy develop a critically severe illness. Not restricted to terminal illnesses only, here at criticalillness.co.uk we also offer protection for serious illnesses that are recoverable from and ensure that your business is not affected if you or a valued member of your team is absent for long periods of time or indefinitely.

Understanding the needs and requirements of each and every client, criticalillness.co.uk continues to provide the right cover to ensure total peace of mind that you need most when faced with certain circumstances within the workplace. Our critical illness insurance policies can be tailored to suit your business needs, enabling employees to opt in to receive emergency financial support in a lump sum if faced with a life threatening critical illness. For further details on the range of critical illness cover you can apply to yourself and your business, call and speak to the experts at criticalillness.co.uk today.

DON’T LEAVE IT TOO LATE

Group critical illness cover is a form of protection insurance available to employers to enable them to offer an invaluable benefit to their employees. Nothing is certain in life and any one of us could suffer from a critical illness. However, with advances in the health sector many of us now have the strong possibility of surviving a critical illness and with the right support are able to make a full recovery and return to work.

With group critical illness insurance, as an employer you can provide some support in the form of tax free lump sum paid direct to your employee. The lump sum can be used can be used by your employee to ease the pressure of inevitable financial stress. This could be to pay off their mortgage, debts or similar, make possible adaptations to their home, access treatment any number of things that will hopefully aid their recovery and return to work.

Group critical illness insurance is offered by a number of different insurers. However, each will have their own set of definitions and criteria. Generally, most insurance companies offering group critical illness cover require the companies/business to have more than 50 employees. Normally, the critical illness cover will be offered at a discounted rate with more generous underwriting. It would be expected that the critical illness cover is paid for out of the companies/businesses bank account. The employee named on the critical illness plan(s) will be the life assured, but the company are normally the plan holders.

IS CRITICAL ILLNESS INSURANCE RIGHT FOR ME?

Group critical illness insurance can be looked at as being beneficial to both parties;

For an employer group critical illness cover provides;

Benefits package – this can be attractive addition to someone’s salary, aiding in recruiting and retaining high calibre and key members of staff.
Affordable employee benefit – most companies will offer the cover at a discounted rate.
Financial support – provides a means by which a company can provide financial support to its key employees. Also, this can ease the pressure of a company on how it can maintain long term financial assistance to its employee.

For an employee group critical illness cover provides;

Financial protection – provide a lump sum of money at a time when it is needed most.
Peace of mind – eases certain stresses whilst you are going through treatment etc.
Feeling of being valued – such a benefit paid by your company makes you feel what you do is appreciated earning your loyalty.

Generally, critical illness insurance cover is thought of has being an insurance product taken out by individuals, couples and /or families. However, critical illness cover can be taken on a life of another by a business/company; this is normally known as key man insurance and/or group insurance. The principals are the same in that the critical illness plan will pay out a tax free lump sum on the diagnosis of a specified critical illness after a defined survival period.
Critical Illness Policy – Critical Illness and Life Cover

Group critical illness insurance is normally aimed at larger organisations giving them the ability to offer additional attractive benefits. The majority of insurance companies offering group critical illness insurance will want the company to have at least 50 employees. This is because they offer the critical illness cover at competitive discounted rates and in most cases with more generous underwriting.

The cover is still assessed in the same way and the cost will be dependent upon;

Sum assured
Term of the plan
Details of person insured such as; age, smoking status, leisure pursuits, occupation, health and family health.

As with any other critical illness insurance applications the information will be underwritten and an offer made accordingly.

Key man insurance is something that smaller businesses may wish to consider as they are less likely to be able to have group critical illness insurance. Smaller businesses may be more reliant on specific members of their staff in that should they suffer a critical illness and be off work for any length of time it would have a detrimental affect on the business. With smaller organisations it is not always viable to move staff to cover other employees work – there may simply be no-one to spare. Key man insurance will provide the same kind of protection as group critical illness. It will take the financial stress and worry out of losing a vital member of staff temporarily. It will provide a means of financially supporting that employee and the possibility of employing a temporary person in their absence.

Critical illness life insurance is a form of contract taken out with an insurance company that, provided you maintain the monthly premiums, will pay out a tax free lump sum on the diagnosis of a specified critical illness. In addition to this you can add life insurance to your plan and this will also provide life insurance to go alongside your critical illness. This is called life and critical illness. For example, for one family a critical illness policy became a crucial asset to them;

A working couple had, like many of us, set up home together and started a family. The wife took maternity leave from her job and at the same time the husband decided to go self employed to give more flexibility with his time with the prospect of a young family in mind. Unfortunately, after the baby was born the mother was diagnosed with breast cancer. Suddenly, the couple were thrown into turmoil with a new baby, bills, the father setting up in business and the stress and worry of the mother’s health and well being. Cancer is one of the core critical illnesses covered by insurance companies selling critical illness protection and offering you a critical illness quote. The other core illnesses included are heart attack and stroke. The majority of insurance companies today cover a vast variety of other critical illnesses but this will vary between providers and policies.

Fortunately, at the time of getting their mortgage for their home they took out decreasing critical illness cover. Therefore, the family received a tax free lump sum of £70,000 from their critical illness cover. This paid off their mortgage of £50,000 leaving them £20,000 spare. The father was able to delay his plans for the business to help look after the baby, home and his wife. The financial help that they received just from having critical illness cover meant that a lot of stresses and worries were taken out of their lives giving them the opportunity to put their energies it to the more important things such as the mother’s recovery and the baby. Conversely, the alternative scenario to the above if the family had not taken out any form of protection in the form of mortgage critical illness cover could have been quite different. They may have lost their home due to not being able to meet the mortgage payments. The business may not have been able to go ahead due to financial strain but then the father would have had to get back into employment. This with the added strain of looking after a new baby and fighting cancer does not bare thinking about. The above is a true story and illustrates the practical way a joint critical illness cover plan can fundamentally change a family’s life or certainly by time.
Critical Illness and Life insurance – Critical illness insurance specilist

One of the chief worries of any business owner is when you or a valued employee is struck down with a critical illness that affects the delicate infrastructure of your company. Here at criticalillness.co.uk we take every precaution to provide a highly competitive and beneficial critical illness insurance policy that meets the busy demands of your business. Bringing relief and assurance that you and your employees are covered in the event of such circumstances as developing severe illnesses that require long periods of recuperation or the diagnosis of terminal illnesses, the critical illness cover available from us will see that you receive a lump sum that can help towards paying the rent, mortgage, loans and day to day bills.

Discovering a way to offer expert critical illness cover has never been easier than with the experts here at criticalillness.co.uk. Our specialist expertise in arranging cost effective yet comprehensive critical illness insurance quotes means that you can receive the right critical illness protection swiftly, enabling you to get an affordable quote in minutes. Often going unnoticed until dire circumstances arise, equipping your business with the best cover in the event of a critical illness causing an untimely disturbance is a necessity that you must seriously consider. Drastically making the difference when suffering from the effects of critical illnesses in the workplace, a policy taken out with criticalillness.co.uk can offer a secure safety net to protect you and your employees.

We are one of the leading experts in sourcing some of the very best insurance policies designed to cover you against traumatic and life changing critical illnesses. Our understanding, vast knowledge and reliable resources has enabled us to build a strong and professional reputation for delivering fast and effective critical illness insurance policies to businesses across the UK. Here to discuss your every requirement and to explain your policy in depth, we assist you in creating a bespoke and tailored critical illness cover solution to suit you and your employees needs. On hand around the clock, the experienced team at criticalillness.co.uk work to provide the optimum solution and protection against the threat of critical illnesses disrupting your business whilst offering excellent cover for employees and staff.

There are so many companies, that you need to do your homework before considering a certain plan. Look into the definitions of critical illness and life online as well. This will help you understand what is being covered in your policy. Not all companies will pay for the same illnesses or number of conditions. All though this is true, all companies must follow ABI guidelines. Researching critical illness and life cover online is a convenient way to make sure you are getting what you need. This will make you feel more confident in committing to a critical illness insurance plan. The online world of critical illness protection can really work to your advantage. You can get free quotes in a matter of minutes, and learn about all of the policies that are available to you. If you have a company in mind, ensure they are a critical illness specialist and research their background and customer satisfaction rating before you commit to buying a policy.