As independent insurance brokers in Sutton, Surrey, we can find the health insurance plan that suits your requirements at the most competitive price. At Cheam Financial Planning, we provide comprehensive advice on all aspects of health insurance and critical illness cover.
Health insurance is probably one of the most important types of insurance you can own. Without it, an illness or accident can have serious long-term financial implications for you and your family. Most people will be aware that health insurance can cover the cost of private medical treatment for any acute conditions you may suffer in the future, from something as simple as a broken bone to more serious conditions like a heart attack or cancer.
However, there are a number of other types of health-related insurance policies that are worthy of serious consideration. These include critical illness and income protection.
Plans may not cover all the definitions of a critical illness. The definitions vary between product providers and will be described in the key features and policy document if you go ahead with a plan.
Income protection plans that have no investment link have no cash in value at any time and will cease at the end of the term. If you stop paying your premiums your cover may end.
Some of these policy types cover the scenario where you are unfortunately unable to work because of illness or injury. Knowing that the regular household payments will be made and your financial commitments met during a difficult period in your life can offer peace of mind for the future.
The range of coverage varies depending on the type of plan, and as with any type of insurance, there are exclusions and limitations. To understand these, you would need to read your policy to find out what is covered and what is not.
Premiums are normally paid to the insurance company either monthly or annually. When it comes to health insurance and life assurance, we assess your situation and give recommendations and guidance on which cover is most suitable for you. We only offer products from a limited number of insurers for private medical insurance.