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LIFE ASSURANCE  CRITICAL ILLNESS

Unlike many things today the cost of , Mortgage  Protection and Critical Illness Protection has fallen in recent years.

The competitive nature of life assurance and critical illness in the UK has meant that many UK  insurance companies have actually reduced their rates for this type of cover.

Our Life Assurance and critical illness Discount Policy

We share the commission of the life assurance with you the customer. We do this by sacrificing a substantial percentage of our commission, which will reduce your premiums throughout the term of the policy. Because of this commission sacrifice we believe that we offer the most competitive quotations in the U.K.

Some insurance providers do not have a facility for us to rebate commission to reduce your premiums. We will only use these life assurance providers where they can offer the most competitive quotation.

Our Aim

Is to provide competitively priced quality life assurance products and a first class service.

If you have an existing policy that you have been paying for a number of years, or if you are considering taking out a new policy to cover your mortgage, business loan, partnership or a policy for the security of your family.

We believe we can provide you with the most competitive life assurance and critical illness quotation available.

Critical Illness - Summary of Cover

A Critical Illness policy is an assurance policy, which pays out a lump sum upon diagnosis of a serious illness.

The term and sum to be insured are decided at the outset.

If a critical Illness is diagnosed during the specified term then the sum insured is paid out.

If you have not suffered any serious illness at the end of the term then the plan ceases and nothing is paid out.

The plan can be set up on a single or joint life basis and can be added to either Level Term or Mortgage Protection Insurance.

This life assurance policy is classed as a protection type of policy. Protection policies will insure against something happening within a given period known as the term and pays out either an income or a pre-determined capital amount should the event occur during this period. This event in the case of critical illness life assurance is what is specified with regards to the policies definition of a critical illness. The premiums on these types of policies are determined by the life insured's age, medical condition, on whether they participate in a hazardous occupation and whether or not the smoke or not. These factors are taken into account in varying weights according to which event it is being taken out against.

The policy maybe written on the an individual or on the life of both the husband and wife. An option maybe included to pay out after the first event or on after the second event.

In most cases these Products are non-Regulated. However should your chosen Product fall into a regulated category we will advise you accordingly. This is an overview of protection products. With your application pack we will provide a Written Quotation, the Individual Company's Key Features and Full Product Details.

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