Critical Illness Cover Advice
Because lifestyles change, you might be thinking of protecting yourself and your family for the future by choosing to buy a Critical Illness Cover policy or Life Insurance. As detailed in our do you even need Life Insurance guide we looked at who may benefit from a protection policy. Today’s guide will take a more in depth look into why you may need Critical Illness Cover advice.
Like any other long term financial investment a Critical Illness Cover policy can be the safety net that you and your family need for the future. However, there could be a couple of potential pitfalls that could undo all of your careful planning. As detailed within our Critical Illness Cover Pay-out guide we advised in 2020 more than 2% of claims were not paid because of non-disclosure, selecting the wrong cover or making a mistake during the application process.
To make sure that the potential pitfalls do not happen, it’s always a good idea to do a lot of research into the products available or to use an FCA regulated broker, like Life Insurance Cover. By using an FCA regulated broker to help you buy a policy will offer the reassurance that you are selecting the right Critical Illness Cover policy for the best price available.
In today’s guide we look at:
Can A Broker Help Me Find The Best Critical Illness Cover?
An Insurance broker can certainly help you find the best protection policy for Critical Illness Cover policy. Alternatively you can also purchase a policy without their help with the right level of research of all of the different policy types. A key point to remember is that Insurance brokers who compare Critical Illness Cover quotes for customers are qualified financial professionals who understand the important details about Insurance cover. A broker can help you through every step of the process related to taking out Critical Illness Cover policy, including what specific illnesses are protected by all of the different providers.
The first step in the process of obtaining Critical Illness Cover is deciding on if it is needed, an advisor can discuss with you the many different options or whether you need to take out Critical Illness Insurance Cover. Part of this discussion will include the different levels of cover available ranging from the most comprehensive Critical Illness Cover to policies that may cover fewer Illnesses, but may still suit your individual specific needs.
Finding The Right Policy For Your Circumstances
Part of any Critical Illness Cover advise from a whole of market FCA regulated broker, like Life Insurance Cover will be searching all of the providers for you to suit your budget. One of the many benefits of using a whole of market Insurance broker is that they are able to search all of the UK providers available, rather than been restricted to a handful of Insurance providers. At Life Insurance Cover our specialist team have easy access to all of the Critical Illness Insurers and the extensive experience to know which providers would be the best option for your needs.
Helping You Through The Application Process
After making the important decision on the right level of protection from a Critical Illness Insurance policy for you and your family, a broker should take you through the application process and help you fill out the paperwork. If you choose to use our specialist team of advisors at Life Insurance Cover, they will explain every part of the application form and the process. As mentioned above it is very important to get this part right. If you choose to withhold information, you could invalidate your policy and a claim from the Insurance could be refused, undoing all of the financial protection you had started.
Using A Critical Illness Cover Advisor
Further to the information detailed above, the key role of a Critical Illness Cover broker is to help customers understand exactly what the Insurance policy is for. Including if you need a policy, why you need it and making sure you buy the right cover for your individual circumstances. By choosing an FCA regulated broker, you can be reassured that the information you receive has to comply with the strictest compliance.
Because each person is different, the advice that is required can vary dramatically. Some people may have an excellent grasp of how polices and financial services products work, whilst others may have never needed Critical Illness Cover before. Because of the complexity of a long term protection policy, it is beneficial to seek Critical Illness Cover Advice. You might find that you only need a single consultation to obtain a policy, or you may need a number of consultations.
Whatever level of Critical Illness Cover advice you may need, speaking with a fully qualified FCA regulated Critical Illness Cover advisor can help you to find the best protection for you and your family.
Speak With A Critical Illness Cover Expert
After reading today’s guide, or if you have been considering your situation and think you might need Critical Illness Cover protection, our expert advice can help make sure you get the right policy for you and your family. An FCA regulated expert, like Life Insurance Cover, can answer any questions you may have, including what type of policy you may need for the future.
To start a new policy or discuss any questions you may have, simply complete the quote form and speak with qualified and experienced Critical Illness Cover advisor from Life Insurance Cover. You can be reassured that by comparing Critical Illness Cover polices for free through Life Insurance Cover will find the best policy available for you. Allowing you to relax while we do all the hard work of finding the best Critical Illness Insurance Cover for you, protecting today to provide for your future if you need to make a claim against the policy.