| Critical Illness Cover A Critical Illness Policy is designed to pay out on diagnosis of a life-threatening illness. These include the following: heart attack, cancer, stroke, kidney failure, major organ transplant, coronary artery by-pass surgery, total permanent disability. The chances of a person suffering from one of the above is greater than dying, so the premiums are more expensive than for life cover. |
Income Replacement Policies This type of policy (also known as Permanent Health Insurance) replaces your income should you be unable to work. These policies will pay out a defined benefit after a deferred period (usually 1 - 6 months). The shorter the deferred period the higher the cost. |
| Long Term Care Insurance This type of policy provides cover for those clients who need to go into residential care. At present anybody with savings over a certain amount can expect to fund their entire residential care bill. Your own property will be counted as capital and may need to be sold to pay the fees. A Long Term Cover Policy can be used to provide this income and can be paid for either by a pre-funded scheme or on an immediate needs basis. |
Permanent Health Insurance Permanent Health Insurance differs from Life Assurance in that it pays out not on death but when the insured is unable to work due to illness or accident. It provides regular income (weekly or monthly) to replace that which the insured may no longer be able to earn himself. The Life Company is thus insuring a person's health as opposed to his life. |
| Private Medical Insurance We are able to supply information on Private Medical Insurance to provide cover for the costs of private medical treatment. There are many schemes available to suit your pocket and are designed to cover items such as accommodation, nursing charges, theatre fees, drugs and dressings, Doctors and Consultants fees. |