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Protection

Depending on the type of cancer, stage and how long ago you had your very last appointment before discharge, yes you may be able to get cover. Some insurers would like you to have been fully discharged from certain cancers for over 5 years, some longer.

During our fact finding stage, we will need to provide all of your medical information to the underwriting team who will let us know if they would be able to offer terms.

In all cases, the insurer will request further information from your GP.

Depending on your age, how long ago you were diagnosed and how well controlled it is yes, we can source a provider that may offer you protection which can include Life Cover as well as Income Protection.

Some providers offer conditions on their covers, such as requesting annual blood test results and others will underwrite your application based on the medical information provided from your GP. Most providers who offer cover to diabetic patients will request either a medical screening, GP report or in some cases both.

If you suffer from diabetes and would like to protect yourself or your loved ones, please do not hesitate to contact us.

This enables individuals to get private medical care when required, at a time and place which suits them, with a consultant or surgeon of their choice (this is not possible in the NHS) and the insurer covers all or most of the costs depending on the cover taken out.  Private Medical Insurance can help to avoid long waiting lists to see a specialist for treatment or diagnosis. This form of health insurance will typically only cover acute health conditions only.

The benefit of placing a life policy into Trust is that it does not fall as part of your estate and the money is paid directly to the trustees. If the life insurance policy is not in Trust, it would be added to the deceased person's estate and potentially cause an inheritance tax bill if the deceased nil rate band is fully used up.

For example, John is single and has a mortgage-free house worth £300,000 and a life insurance policy of £100,000 which is not in Trust. The value of his Estate is £400,000, minus his nil rate band of £325,000, means that £75,000 is potentially liable for Inheritance Tax (IHT). His beneficiaries would need to pay 40% tax on the £75,000 before they could inherit his estate.

As part of our advice and service, we do recommend that your policies go into Trust. The life insurers provide basic Trust forms which are free to use. If there is an existing policy, you need to request the relevant trust documents from your provider, and if you are setting up a new policy, this can be done at the time of application before the policy is put on risk.

Income protection insurance is an insurance policy that provides a monthly benefit if you are unable to work due to accident or sickness and pays out until you return to work, the end of the policy term (usually your retirement age) or upon death, whichever is sooner.

A decreasing term insurance policy is used to provide life cover for a Repayment (Capital & Interest) mortgage. With a decreasing term insurance policy, the sum assured reduces in line with the mortgage balance every month and is designed to last for the term of the mortgage.

A level term is used to provide life cover; the sum assured stays the same for the duration of the plan. This plan can be used to repay a mortgage debt and provide a legacy for loved ones.