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Critical Illness Insurance provides a one-time lump sum payment in the event of major health occurrences, such as specific cancers, heart attacks, or strokes. This insurance serves as a financial safeguard for designated diseases, though coverage details may differ, so it’s advisable to consult your policy for specific information.
In case of a covered illness, the insured receives the lump sum irrespective of their work status. The recipient has the flexibility to use the payout for various purposes, including mortgage payments, medical expenses, or home modifications.
Facing illness can pose financial difficulties, particularly when dealing with a mortgage, dependent children, or substantial credit commitments. If you’re seeking guidance in Harrogate, it’s recommended to seek advice from a qualified mortgage and protection specialist before securing coverage.
Critical Illness Cover might carry a higher likelihood of claims compared to Life Insurance, potentially resulting in higher costs. Your protection and mortgage advisor in Harrogate will assist you in identifying the most advantageous and suitable deal for your circumstances.
Failure to disclose certain health conditions during the application process can lead to a denied claim, except for those conditions that were unknown or absent at the time of application.
The lump sum is disbursed if the covered condition is present, regardless of the individual’s ability to return to work.
Claimants have complete freedom in deciding how to use the lump sum. In our role as a mortgage broker in Harrogate, we frequently witness individuals using it to settle mortgages, address medical expenses, or improve their homes.
Critical illness cover in Harrogate refers to a type of insurance policy designed to provide financial protection in the event of a policyholder being diagnosed with a critical illness specified in the policy. This coverage typically offers a lump-sum payment upon the occurrence of major health events such as specific cancers, heart attacks, or strokes. It is a means of safeguarding individuals in Harrogate from the financial impact associated with significant health issues.
Critical illness cover in Harrogate operates by paying out a lump sum to the policyholder if they are diagnosed with a critical illness covered by the policy, regardless of their ability to return to work. The conditions covered are outlined in the policy, and it’s essential to disclose relevant health information during the application process. The lump sum can be used at the policyholder’s discretion, offering financial flexibility to address various needs such as mortgage payments, medical expenses, or home modifications.
Consulting with a protection specialist in Harrogate is advisable for several reasons. These specialists have expertise in understanding the nuances of critical illness cover and can provide expert advice tailored to your specific situation. They can help you navigate the complexities of insurance policies, ensuring that you choose the right coverage based on your needs and circumstances. Additionally, a protection specialist can assist in comparing different policies, finding the most favorable deals, and guiding you through the application process, ultimately ensuring that you make informed decisions regarding your critical illness protection.
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4.94 Rating34 Reviews
Zoe
Jason and the team have been amazing, so helpful!
2 months ago
Shannon
Matt from Harrogate money man was so accessible and supportive throughout our journey to get a mortgage. He has been close at hand every step of the way and gave us so much convince in ourselves and our own finances which we didn’t have to begin...
2 months ago
David
Excellent service and very happy. Highly recommend and thank you Leo & Meghan! Best, David
10 months ago
Lydia
They have been excellent! Couldn’t have asked for better help and communication. They were very understanding and have been very patient with us over the last few months.
1 year ago
Sally
I'm really pleased with the service at Harrogatemoneyman and would definitely recommend them. Leo and Jo have been really helpful and supportive throughout the process.
1 year ago
David
Chris was brilliant at guiding us through the whole process. As FTB, you think you understand the process but there is so, so much more too it and having someone who you can ask questions almost anytime of the day, was something we could not have...
1 year ago
Rebecca
As first time buyers this whole process initially seemed very daunting. We spoke with Matt over the phone and he talked us through the process, was really positive and has got us through the process. It has been stressful but Matt kept us updated...
2 years ago
Maria
Me and my husband were looking to get a mortgage, we are first time buyers, so were wanted a stress free process and getting the best deal for us. Harrogatemoneyman was amazing! Very professional, answered all our questions and kept us regularly...
2 years ago
John
Fantastic service from start to finish. Every stage of getting a mortgage for a first time buyer was carefully explained with complete transparency of costs and what to expect. 100% recommend.
2 years ago
Salvatore
Joe and Meghan have been very helpful and professional. They have explained everything clearly and responded extremely quickly to our correspondence. We would certainly use your service again and recommend both Joe and Meghan to others.
2 years ago
Deanna
Amazing service & support! We are first time buyers and felt the process from start to getting our mortgage accepted was amazing & very smooth!! We were kept up to date regularly and felt comfortable to ask any questions. Special thank you to...
2 years ago
Charlie
Really impressed with the service from these guys, from start to finish the process has been so easy. Our situation was slightly different from normal but they still managed to get the mortgage sorted for us. They always kept us up to date with...
2 years ago
Deanna
Leanne was so friendly and approachable. Extremely helpful.
3 years ago
Laura
Fantastic service from start to finish. Matt was always on hand to answer my questions and explained everything clearly, along every step of the way. Thank you!
3 years ago
Heather
Polite helpful reassuring conversation. Very helpful.
3 years ago
Richard
Excellent from start to finish. Booked appointments that suited us even late evening! Found us a great deal on our mortgage and wage protections. Thanks Malcolm for all your help!
3 years ago
Gregory
First time buyer and the team at Harrogatemoneyman provided a 1st class service from start to finish. Excellent advice really quick service excellent product really cant fault them at all. I highly highly reccomend them just exceptional in everyway....
3 years ago
Alice
Very quick response from Hannah. Very helpful. Highly recommend
3 years ago
Dane
Great service, professional as well as friendly
3 years ago
Paula
Can I say what a great job they have done for us, answered every question when needed and kept me calm through the last few weeks! Great job done! Cannot thank them enough, Thank you Wayne, Jenna and Megan!!
3 years ago
Our team member will initiate the process by discussing your health history with you, gathering initial information. During this conversation, you have the opportunity to explore relevant insurance options or receive expert recommendations based on your requirements.
Following that, we will craft a plan taking into account your current personal and financial situation, aligning with your monthly budget constraints. Our dedicated team will identify the most suitable insurance product to provide comprehensive protection for you and your family.
Upon your approval to proceed, we will promptly submit your application to the insurance provider. Occasionally, the provider may request additional information before considering the application.
We acknowledge that circumstances evolve, and the insurance policies you initially secured when obtaining your mortgage may no longer be optimal during the remortgaging process.
We provide expert mortgage advice in Harrogate, to all our customers are offered a free insurance review which involves speaking to one of our mortgage and protection insurance in Harrogate, who will assess your suitability as well as look into existing policies in place. Remember, insurance could be very beneficial for your future.
Our qualified mortgage and protection advisors in Harrogate, 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.
You may find that someone has been in a similar situation to you before and we have been able to help. Worry not, our fantastic service is reflected in our 5-star reviewse.
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. Were open seven days a week and have appointment avaliable during evenings and weekends.
Critical illness cover and life insurance serve different purposes. While life insurance provides financial protection for your loved ones in the event of your death, critical illness cover offers a lump-sum payment if you are diagnosed with a specified critical illness during the policy term. Critical illness cover can help alleviate the financial burden associated with medical expenses, lifestyle adjustments, or other costs incurred due to a serious illness, complementing the protection provided by life insurance.
Yes, it is generally possible to purchase critical illness cover for both you and your partner. Many insurance providers offer joint policies that cover both individuals under a single plan. Alternatively, you can opt for separate policies tailored to each person’s specific needs. It’s advisable to discuss your requirements with an insurance advisor to determine the most suitable approach based on your individual circumstances.
Critical illness cover and income protection are distinct types of insurance offering different forms of financial protection. Critical illness cover provides a lump-sum payment if you are diagnosed with a specified critical illness during the policy term. In contrast, income protection provides a regular income if you are unable to work due to illness or injury, offering ongoing financial support. While critical illness cover focuses on specific medical conditions, income protection addresses the broader aspect of maintaining financial stability during periods of incapacity to work.
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Harrogatemoneyman.com & Harrogatemoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Harrogatemoneyman.com & Harrogatemoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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