What is Critical Illness Insurance?
Critical Illness Insurance is used in a lump sum when a big health event such as certain forms of cancer, heart attack, or a stroke happens to you. It provides a financial blanket in case you become ill from any of the illnesses stated in the policy. Not all serious illnesses are covered in the policy, which insurers often get criticised for, however, your policy will have more information on this.
Sometimes a claim may be denied due to the claimant not disclosing certain health conditions at the time of application. This does not apply to conditions you were unaware of, or were not present at the time of application.
The lump sum is paid out providing the condition is mentioned in the policy. This applies even if they have or are able to return to work.
What the claimant does with the lump sum, is entirely up to them. Many use the money to repay their mortgage, pay for medical care or make any developments to their home.
If you are looking into Protection Advice in Hull, it’s always recommended to speak with a qualified Protection Specialist prior to taking out any type of cover. You are more likely to claim on Critical Illness Cover than you would be with Life Insurance, so this can be more costly. Your Protection Specialist will help you find the most favourable deal.
There is a higher chance of you surviving the types of conditions covered than it was 30 years ago. If you do unfortunately become ill with any of the conditions, this can create financial hardship, especially if you have a mortgage, children or any large credit commitments.
We search 1000s of mortgage deals across a large number of lenders, including:
- Critical Illness FAQs
- Reasons to Choose us
Common Critical Illness FAQs in Hull
As a Protection Advisor in Hull, we understand that each person’s lifestyles are different to one another, however, this doesn’t mean that unforeseen circumstances won’t occur, leaving you in need of financial support.
Critical Illness Cover can help you cover your finances in these situations. It is common for employers to provide sick pay to their employees, however, this doesn’t last as long as it’s offered for a limited period of time.
Why should I get critical illness cover when I have life insurance?
With today’s medical advances, if you get critically ill, you are more likely to survive and recover. As mentioned, the lump sum can be used for anything. Some people use it to fund recovery, pay bills and relieve general financial stress.
Can I buy a Critical Illness cover for both me and my partner?
Joint critical illness cover is an option that is there for if you or your partner gets critically ill, providing you with the funds you need. The one drawback for this is that it will pay out in full, even if only one of you gets critically ill.
How does critical illness cover differ from income protection?
Critical Illness cover is paid out in a lump sum if you become ill with any of the conditions listed on the policy. This is done to support you and your family, whereas income protection is paid out in the form of an ongoing income. This is helpful in the event of being unable to work and has the option to be paid all the way to retirement age.
Unlike critical illness cover, income protection will be guaranteed to pay out if you are unable to work. This will be carried on until you are able to work again or if you die.
Why Choose Us for Critical Illness Advice in Hull?
Our qualified Protection Advisors in Hull, provide a tailored service that can help you find the best cover for you and your circumstances. Furthermore, we understand that affordability is key, which is why we find the type of cover that is fitting for your family’s priorities and budget.
All our customers are offered a free, no-obligation protection review which involves speaking to one of our Insurance Advisors in Hull who will assess your suitability as well as look into existing policies in place. Remember, insurance could be very beneficial for your future.
Take a look at our fantastic reviews by heading over to our reviews page. You may find that someone has been in a similar situation to you before and we have been able to help.
If you are looking to take out a menu plan (one or more insurances at once) we can also help with that! All you have to do is get in touch with our team and we can run through some quotes with you.
4.98 Rating651 Reviews
Nicholas
Great to talk through clear presented options that meets the needs of my family. Daniel gave assurances, space and understanding that helped us make a significant decision more easier.
4 weeks ago
Leanne
Absolutely brilliant service from start to finish. Would like to thank Wayne and Lyndsey for all their help with out mortgage application nothing was to much trouble for them. Would recommend hullmoneyman for fantastic service
1 month ago
Leanne
Absolutely brilliant service from start to finish. Would like to thank Wayne and Lyndsey for all their help with out mortgage application nothing was to much trouble for them. Would recommend hullmoneyman for fantastic service
18 hours ago
Chloe
This service is so helpful, they always give you full description and make sure you understand each steps before moving forward. Communication is a great skill that this service has.
1 month ago
Matthew
Absolutely fantastic experience. Dinah Answered every question we had and was very quick to get back to us.
1 month ago
Thomaa
Outstanding. The best customer service and knowledge from Wayne and Megan. The best company I’ve used by far. Thank you. Would strongly recommend.
1 month ago
Mark
Always helpful and attentive, easy to talk too and nice to deal with someone who lives in the same area. Highly recommended
2 months ago
Lauren
Extremely happy with the service we received! We had Matt Collinson and Megahn Robinson helping us with our Mortgage and they were incredible. As first-time buyers, we had a lot of questions and Meghan helped us to understand everything and...
2 months ago
Paul
Dealing with Hull Money Man is always a pleasure. All the staff are happy to help, are accommodating and arrange appointments to suit. You feel like you are in good hands. I would recommend them.
2 months ago
Lee
Leo and Stacey at Hullmoneyman have provided a fantastic service; friendly, helpful, knowledgeable and personable. I will definitely use the service again.
2 months ago
Richard
Amazing quick service. Helped find us a mortgage right for our situation. The team kept us updated and informed throughout the process. They were swift to respond to our queries and really good at being able to deliver in our very short...
2 months ago
Anonymous
Good communication and job well done.
2 months ago
Anonymous
Good communication and job well done.
19 hours ago
Jason
Both Dinah and Stacie my mortgage broker and case handler were professional, quick to communicate, and simplified the mortgage process which helped reduce a stressful and potentially complex process. They were available to answer all my...
2 months ago
Jason
Both Dinah and Stacie my mortgage broker and case handler were professional, quick to communicate, and simplified the mortgage process which helped reduce a stressful and potentially complex process. They were available to answer all my...
20 hours ago
Alexandra
We have used Hullmoneyman 3 times now and each time the process has been seamless. We are kept informed throughout the process both by telephone and email. We wouldn’t use anyone else. Thank you
3 months ago
Jennifer
Thankyou for making the whole equity release experience straight forward from day one to completion of my lifetime Mortgage.
3 months ago
Anita
Really helpful, explained things so we understood. Got us the best deal for our circumstances. All this whilst we had a toddler running round in the background! Thanks!
3 months ago
Michael
This the second time I have used Moneyman in five years. I can without hesitation say they are very professional know the market and everything is done for you. Thank you once again and I shall inform friends and family of your company. As an...
3 months ago
Lee
I have used Hullmoneyman for several years now and would highly recommend them. They are always on the end of the phone for advice. Fantastic service from all the team.
3 months ago
Handy quick links
Handy quick links
Malcolm's
mortgage guides
