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Critical Illness Cover

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Critical Illness Cover

Protection when we are diagnosed with a dreaded serious illness

Speak to one of our experienced brokers who can tailor make a package that will suit your individual needs and budget.

Life is full of the unexpected, and even those who seem the healthiest can suffer from severe illnesses at some point in their life. Critical Illness Cover can protect you and your children should either of you be diagnosed with a serious illness such as cancer or suffer a heart attack or stroke. The lump-sum given can prove great financial support, and be put towards medical treatment, surgery, household outgoings and even cover loss of earnings. Available as part of a Life Insurance policy or a standalone quote, Critical Illness Cover can take many forms, including level term, decreasing term and even as enhanced children’s Critical Illness Cover.

People sometimes think that insurance providers try to find loopholes to get out of paying a claim or that the list of conditions covered isn’t long enough. That’s the most common myth about critical illness cover it does pay and insurers try to FIND ways to pay your claim. We work with select providers based on quality or service, high % pay out rates and comprehensive levels of cover to ensure we can meet your needs.

    Derbyshire Mortgages & Protection Ltd will be the controller of the personal data you provide. We will use your information to contact you and respond to your enquiry. Your data will only be shared where necessary to respond to your request. For more information, please read our Policy.

    FAQ

    1. What is Critical Illness Cover, and how does it differ from Life Cover?
    Critical Illness Cover provides a lump-sum payment if you are diagnosed with a specific serious illness or medical condition. It’s different from Life Cover, which pays out upon death.
    2. What illnesses are typically covered by Critical Illness Cover?
    Policies vary, but they often cover serious illnesses like cancer, heart attacks, stroke, and organ failure. Be sure to review the policy details to understand what is covered.
    3. Is Critical Illness Cover necessary if I already have health insurance?
    Critical Illness Cover complements health insurance by providing a lump-sum payment to cover expenses beyond medical bills, such as mortgage payments and daily living expenses during an illness.
    4. Can I get Critical Illness Cover if I have a pre-existing medical condition?
    It can be more challenging to secure Critical Illness Cover with a pre-existing condition, but it’s not impossible. Be prepared for potential exclusions or higher premiums.

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    There may be a fee for arranging a mortgage and the precise amount will depend on your current circumstances and complexity of your mortgage needs. For purchases this will typically be £595, remortgages £399 and £199 for product transfers. Complex cases such as adverse, buy to lets and debt consolidation will typically be £695.

    Your home may be repossessed if you do not keep up repayments on your mortgage.

    Your property may be repossessed if you do not keep up repayments on your mortgage.
    Not all Buy to Let Mortgages are regulated by the Financial Conduct Authority.

    You may have to pay an early repayment charge to your existing lender if you remortgage.

    Think carefully before securing other debts against your home. The overall cost of repayment of other debts might be more when added to your mortgage.

    The cost of this insurance depends on several factors, such as your age, where you live and your occupation. As a result, the cost you will pay is based on your own circumstances.

    As with all insurance policies, conditions and exclusions will apply.

    Derbyshire Mortgages & Protection Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Limited, which is authorised and regulated by the Financial Conduct Authority. We are entered on the Financial Services Register under firm reference number 982876. Registered Office: 4 Lime Tree Close, Tibshelf, Alfreton, Derbyshire, DE55 5RF. Registered Company Number: 12631487. Registered in England and Wales.
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