Critical Illness Cover

Quite often you hear ‘it could never happen to me’ or ‘I’ll sort it out later’. Well the old maxim of “failing to plan is planning to fail” is no better suited to the ignoring of crucial decisions on protection.

Did you know?

  • More than 1 in 3 people in Britain will develop cancer at some time in their lives.(Cancer Research UK, 11/2003)
  • Over 270,000 people in Britain suffers a heart attack each year – that’s one heart attack every two minutes.(British Heart Foundation, 11/2003)
  • One in nine women will develop breast cancer.(Office of National Statistics 2009)

 

What is it?

A Critical Illness plan is designed to pay out a lump sum on the diagnosis of certain specified illnesses. It is often ‘bolted on’ to a life assurance policy as an additional benefit but can also be a standalone plan.

 

Who is it for?

This type of plan is designed for those individuals or families whom want a lump sum if they are diagnosed with a serious illness. As an example of where this lump sum could be used is to repay a loan, mortgage, or perhaps pay for time off work. The lump sum could even be used to pay for any necessary alterations to your home.

The quality of cover and the illnesses covered can vary significantly between different providers.As Whole of Market Mortgage and Protection Advisers we can help you find the plan that best meets your requirements.

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Please note there will be a minimum fee of £225.00 for the Residential Mortgage Advice given which will be payable upon completion of the mortgage. This fee may however change dependent on the size of the loan.

For Commercial mortgages 0.5% of the mortgage advance (for example on a mortgage advance of £150,000 our fee will be £750.00 payable on completion).

Buy to Let Mortgages a minimum fee of £225.00 will be payable on completion of the mortgage, although this fee may change dependent on the size of the loan. 

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

The Financial Conduct Authority does not regulate some aspects of buy to let mortgages & commercial mortgages.

Registered Name: Haley Financial Services Limited 2, Turnberry Drive,Whitestone,Nuneaton,Warwickshire,CV11 6TT Registered in England and Wales No 05188529 is authorised and regulated by the Financial Conduct Authority. FCA Registration No 313461. Click here to visit the FCA website

Registered Address: As above. 

You must be 18 years and over to take out a mortgage. The guidance and /or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.