Serious Illness Cover Vs Critical Illness Cover

Critical illness can strike at any time.

  • 1 in 2 people in the UK (born after 1960) will be diagnosed with some form of cancer during their lifetime. [1]
  • Every 7 minutes someone will have a heart attack [2]
  • Every 12 minutes someone will have a stroke [2]

Serious Illness Cover from Vitality helps protect you financially if the worst was to happen to you, and you fall ill with one of the 178 conditions that they cover. They pay out a cash lump sum based on the severity of your condition. It gives you financial stability allowing you plenty of time to recover.

Serious illness cover works differently from typical critical illness cover, in the way it pays out on less severe conditions as well as the more critical ones. So if you get ill and need to claim, Vitality will give you a percentage of your cover depending on how severe your condition is. This means that if a condition gets caught early on, a portion of your cover will be paid out. You’ll also have the rest of your cover should you need to claim in the future.

There are two types of serious illness cover offered by Vitality. Comprehensive and Primary. Comprehensive Serious Illness Cover covers you for 178 conditions and Primary Serious Illness Cover which covers you for 145 conditions.

Example, Eye to age 70.

ConditionPercentage payoutPrimary    Comprehensive
Blindness (permanent & irreversible)Severity A – 100% (most severe)
Severity B – 75%
Significant Visual ImpairmentSeverity C – 50%
Central BlindnessSeverity D – 25%
Blindness in one eyeSeverity E – 15%
Corneal TransplantSeverity F – 10%
Severity G – 5% (least severe)

Source: How does Serious Illness Cover on the VitalityLife plan compare?, August 18

Our expert protection advisers can arrange the right life insurance policy for you. Freephone 0800 211 8700 or fill in our online enquiry form.

 

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Sources: Vitality, Serious Illness Cover Frequently Asked Questions, 2018

  1. Cancer Research UK, 2018
  2. Heart UK, 2018

Lifetime Finance Group Ltd trading as Super Contractors is an appointed representative of PRIMIS Mortgage Network, a trading name of First Complete which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products.

Lifetime Planning Limited. Registered office 1st floor, 207 Bath Street, Glasgow, G2 4HZ.

Could Global Treatment save your life?

Serious illnesses like cancer and heart conditions are all too common. While our country’s healthcare system is advanced, sometimes the very latest treatment options may not be available in the UK.

  • There are currently around 6,000 people on the UK Transplant Waiting List. Last year over 400 people died while waiting for a transplant [1].
  • 1 in 2 people in the UK born after 1960 will be diagnosed with some form of cancer during their lifetime [2].
  • Everyday in the UK, 530 people suffer from a heart attack [3].

Global treatment from Aviva is designed to give you and your child more treatment options in case either of you are diagnosed with a serious illness. It provides you with access to medical experts around the world, an expert second opinion and overseas treatment.

What’s covered?

Global treatment covers you and your eligible children, if diagnosed with a serious illness, for the cost of medical treatment in respect of the following:

  • Cancer treatment
  • Coronary artery bypass surgery
  • Heart valve replacement or repair
  • Neurosurgery (for conditions like benign brain or spinal tumours)
  • Live-donor organ transplants
  • Bone marrow transplant

Travel and Accommodation

  • Global treatment also pays for and organises travel and 3-4-star accommodation for you and a companion. If it’s your child who is ill, Global treatment will pay the expenses for both parents (or a parent and a companion).

Cash allowance

  • There’s an upfront cash allowance of £100 per day of hospitalisation overseas for up to 60 days.

Medication

  • Global Treatment also covers ongoing medication costs up to £50,000, on return to the UK for approved medications that are not funded, or only partially funded by the NHS.

How much does Global Treatment cost?

Global Treatment is an additional option with any Aviva Protection cover. The benefit costs £4 a month per person but also covers the policyholder’s children.

Who to contact

Speak to our expert protection advisers about getting the right life insurance policy for you, freephone 0800 211 8700 or fill in our online enquiry form.

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Source: Aviva – Global Treatment provided in conjunction with Best Doctors® and BDUI®

[1] NHS https://www.nhsbt.nhs.uk/what-we-do/transplantation-services/organ-donation-and-transplantation/, August 2018
[2] Cancer Research UK, August 2018
[3] British Heart Foundation, CVD statistics – BHF UK Factsheet, August 2018

Lifetime Finance Group Limited trading as Super Contractors is an appointed representative of PRIMIS Mortgage Network, a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products.

Lifetime Finance Group Limited. Registered office 1st floor, 207 Bath Street, Glasgow, G2 4HZ.

Thinking of Using a Comparison Site for Life Insurance?

Comparison websites may offer cheap life insurance quotes. But cheap doesn’t necessarily mean good quality or that it’s the most suitable policy for you.

Websites like this are meer-ly giving you a quote without advice, no reassurance and no one to read all the small-print for you. Epic.

Our blog looks at the reasons WHY you should consider speaking to an experienced adviser when arranging your life insurance policy, rather than trusting a website to give you your best options.

  1. It’s Good to Talk

It’s always nice to speak to someone. Whether it’s about the weather, where you’re going your holidays this year or how much life cover you need in case the worst was to happen to you.

An experienced Life Insurance adviser will take your details and can then help you understand what it is you’re after from your home insurance and provide advice on the most suitable cover for your needs and circumstances from a panel of leading insurers.

  1. Save Time

Once you’ve entered your details into a comparison site, you’ll probably get a GINORMOUS list of insurance companies to delve into. If you’ve got a few spare hours to waste looking through each individual policy – then this is your heaven. Please note, you might need a lie down and two paracetamols afterwards.

Whereas… a quick phone call to an experienced life insurance adviser, and they’ll take down all your details. They then do the search for you, to find the most competitive deal that matches your needs.

  1. The Onus Is On The Adviser, Not You.

Comparison sites might have some cheaper policies, but this doesn’t mean that the cover is the most suitable for you. The quality of plans can vary significantly, and they can also sometimes be stripped of additional benefits.

Going through a price comparison website means it’s up to YOU to ensure you have the appropriate cover. By speaking with an adviser, the responsibility is on the adviser to ensure that the cover is correct for your needs.

For more information and free advice on Life, Critical Illness and Income Protection, speak to our expert advisers – freephone 0800 211 8700 or fill in our online enquiry form.

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Lifetime Finance Group Limited trading as Super Contractors is an appointed representative of PRIMIS Mortgage Network, a trading name of First Complete Limited, which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products. The Financial Conduct Authority does not regulate some forms of Buy to Let.

What’s Your Plan B? Almost 60% of men with kids have no life insurance

According to a new report from Scottish Widows, more than half (58%) of men with dependent children have no life insurance. That means that just over 4.5 million dads could be leaving their families with no financial protected if worst were to happen to them.

Life insurance is designed to come to the rescue of your loved ones in the event of your death. It pays out a lump sum to those closest to you, relieving the financial worries from your family. It can help cover the cost of your mortgage, bills, general living expenses and funeral bills. Could your household survive without your income, a fifth of dad admitted that theirs wouldn’t.

If they were unable to work due to serious illness, 16% of fathers said they could only pay their household bills for a minimum of three months. 45% admitted they’d have to dip into their savings to manage financially. For the fathers that are the main breadwinners of the family, this can be extremely risky.

Critical illness cover comes to the rescue in the event you are diagnosed with a serious illness such as a cancer or stroke. It can help ease your recovery by paying out the money you need for your care and treatment, recuperation, help pay off your mortgage or make up for lost income.

You may not think of insurance as a necessity, but the value of protection is to provide long-term peace of mind about having financial security in place for your dependents.

Speak to our expert protection team about arranging the most suitable protection policy, freephone 0800 211 8700 or fill in our online enquiry form.

Please note for these insurance products, terms and conditions apply. This information is a summary only. You will receive a full policy document upon application. This policy will set out the terms, conditions and limitations of cover provided under the plan.

Source: 4.5 million UK dads have no life insurance – Scottish Widows – Cover, 2018, https://www.covermagazine.co.uk/cover/news/3034066/four-and-a-half-million-dads-have-no-life-insurance-scottish-widows

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Lifetime Finance Group Limited trading as Super Contractors is an appointed representative of PRIMIS Mortgage Network, a trading name of First Complete Limited, which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products.

60% of Stroke Victims Fall Within Working Age

Could you and your family cope without your income?

Recent statistics released by RedArc have shown almost two-thirds of stroke victims (60%) fall within the traditional working age bracket of 40 to 59.

One in four of the 100,000 strokes in the UK each year [1] happen to people of working age or younger. Almost two-thirds of stroke survivors leave hospital with a disability [2].

So not only does a stroke incur significant recovery time but it can also require potential rehabilitation too. Time spent recovering could mean time away from work, therefore having a safety net in place is essential.

Having cover in place such as Income Protection or Critical Illness Cover can help ease your recovery by paying out a lump sum or regular payment when you’re diagnosed with a serious illness. This could cover your care and treatment, your recuperation, help pay off your mortgage or make up for lost income.

Insurance can differ from policy to policy, which is why it is important to take sound advice before taking out a policy. 

Our expert protection advisers can help arrange the most suitable policy for you, freephone 0800 211 8700 or request a callback.

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Contract Mortgages Ltd trading as Super Contractors is an appointed representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading name of First Complete Ltd which is authorised and regulated by the Financial Conduct Authority.

Source:
[1] Different Strokes, January 2018
[2] Stroke Association, State of the Nation, published January 2017

Private Medical Insurance – What Could It Cost Me?

Should you meet your match and become ill or injured, Private Medical Insurance (PMI) is designed to come to the rescue. It can potentially provide you with super-fast private medical access.

It can offer the option of private treatment for those who don’t wish to wait for attention under the NHS, or who would like to be able to choose when, where and by whom they are treated. It can also cover the cost for private healthcare for you and your family.

Potential benefits of Private Medical Insurance

  • Avoid NHS waiting lists
  • It covers the cost of private healthcare
  • Specialist doctors and consultants
  • Access to extensive drugs and treatment
  • Choose your preferred hospital and consultant
  • If you need to stay in hospital, you’ll have your own private room.

Different factors can affect the cost of your Private Medical Insurance including location, age and health status.

Example costs:

Age35-year-old35-year-old45-year-old45-year-old
LocationManchesterCentral LondonManchesterCentral London
Cost£77.01£101.83£99.12£131.05
All quoted with The Exeter, 2018

Subject to you being a non-smoker, BMI between 18-25 and with a £100 compulsory excess on full medical underwriting.

Our expert PMI advisers can ensure you get a competitive price, so that you have access to quick medical assistance when you need it.

Speak to our expert advisers today, freephone 0800 211 8700 or request a callback.

Please note for these insurance products terms and conditions apply. This information is summary only. You will receive a full policy document upon application. This policy will set out the terms, conditions and limitations of cover provided under the plan.

Lifetime Finance Group Limited trading as Super Contractors is an appointed representative of PRIMIS Mortgage Network, a trading name of First Complete Limited, which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products.

Testicular Cancer Awareness Month: 3 Ways to Be Prepared

April is Testicular Cancer Awareness month. It’s a cancer that’s most common in men ages 15-35 years, but men of all ages can be at risk [1].

Statistics from the Movember Foundation revealed that 1 in 10 men don’t know how to check for signs of the disease [2]. So, as it’s Testicular Cancer Awareness month, we’ve put together three key points so that you are prepared.

  1. Check Regularly

2,300 men are diagnosed every year in Britain [3]. Most testicular cancer awareness organisations recommend that males conduct regular self-exams. Research from the Movember Foundation concluded that 70% of men aren’t checking regularly enough.

4 out of 5 instances of testicular cancer will be painless, and the only way to detect the disease is with a monthly physical exam.

  1. Be Prepared Financially

As well as making sure you check regularly, you need to ensure you have the right protection in place in case the worst happens to you.

Critical Illness Cover is designed to pay out a lump sum or regular payment to ease your recovery if the worst was to happen to you are diagnosed with a serious illness specified in your policy.

Most people believe that a critical illness will never happen to them, but most of us know of someone either directly or through friends and family that has been affected. When considering Critical Illness Cover, it’s worth thinking about the effect of not being protected.

Having Critical Illness Cover in place can help ease your recovery by paying out the money you need for your care and treatment, your recuperation, help pay off your mortgage or make up for lost income.

Speak to our expert protection advisers about Critical Illness Cover.

With the good news that survival rates are increasing for certain conditions [4], the need for financial protection could be even more important.

Please note for these insurance products terms and conditions apply. This information is a summary only. You will receive a full policy document upon application. This policy will set out the terms, conditions and limitations of cover provided under the plan.

  1. Pass On The Message

If you’re reading this, not only should you be taking notice, but you should remind your friends and family. Most of us know someone that’s in the common age group most affected.

Since the early 1990s, testicular cancer incidence rates have increased by more than a quarter (27%) in males in the UK [5]. It is for this reason that charities like the Movember Foundation are doing their utmost to raise awareness, and now you can do your bit too.

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Our expert protection advisers can help secure you with the right critical illness cover to ensure you are financially protected in case the worst happens to you. To speak with an adviser, freephone 0800 211 8700 or fill in our online enquiry form.

Lifetime Finance Group Limited trading as Super Contractors is an appointed representative of PRIMIS Mortgage Network, a trading name of First Complete Limited, which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products.

Sources:

[1] Testicular Cancer Awareness, March 2018, www.testicularcancerawarenessmonth.com
[2] Movember Foundation, March 2018
[3] Cancer Research UK, March 2018
[4] Cancer Research UK, http://scienceblog.cancerresearchuk.org/2018/02/03/news-digest-cancer-survival-breast-cancer-drug-cancer-jab-trials-and-vaping/, February 2018
[5] Cancer Research UK, http://www.cancerresearchuk.org/health-professional/cancer-statistics/statistics-by-cancer-type/testicular-cancer/incidence, March 2018

5 Reasons To Consider Private Medical Insurance

PMI can give contractors and self-employed access to super fast private medical access. Saving you from time off work and time not earning an income.

1. Jump lengthy NHS waiting lists and time off work

Private healthcare can remove the uncertainty of NHS waiting lists, by allowing you access to private medical care, at a time and place that suits you.

2. Choose your preferred hospital and consultant

Have the ability to choose your preferred hospital and consultant from hundreds of private hospitals in the UK.

3. Flexibility & freedom to fix

Have the flexibility and freedom to fix appointments and treatment dates to suit you.

4. A wider range of treatment

Get access to a wider range of drugs and treatment, including those which might not yet be approved for use or paid for by the NHS.

5. It’s a bird… it’s a plane… it’s potentially tax efficient!

With PMI, you sign up for an annual renewal insurance policy. The premiums can potentially be paid from a LTD company bank account as a business expense, therefore attracting the relevant tax advantages.

This information is a summary only. You will receive a full policy document upon application. This policy will set out the terms, conditions and limitations of cover provided under the plan.

For more information from our expert advisers, freephone 0800 211 8700 or request a callback.

Lifetime Finance Group Limited trading as Super Contractors is an appointed representative of PRIMIS Mortgage Network, a trading name of First Complete Limited, which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products.

Private Medical Insurance – Infographic

Speak to our expert advisers about Private Medical Insurance.

Click on the infographic for full-size image.

Income Protection Cover – Do You Need It?

If you are unable to work because of illness, injury or disability – could you still pay your mortgage, bills or other living expenses? Check out our infographic below on Contractor Income Protection: Do You Need It?

Speak to our expert advisers about Income Protection

Speak to our expert advisers about Income Protection