It's Free to Speak to an Advisor, 7 days, 8am - 10pm
It's Free to Speak to an Advisor, 7 days, 8am - 10pm
Critical illness insurance offers valuable financial protection in the event of a specific illness or disability diagnosis, however, it’s essential to note that not all policies cover every serious illness, making it crucial to explore various options before choosing a policy. To ensure a smooth claims process, honesty with your advisor about your health is essential, as it can help avoid claim rejections.
This lump sum can be utilised to pay off a mortgage, cover medical expenses, or even make necessary home improvements. If you are seeking critical illness insurance in Sheffield, our expert protection and mortgage advisors in Sheffield are here to help you.
If you require assistance with Critical Illness Cover or finding a reliable mortgage broker in Sheffield, our team is readily available to provide comprehensive answers to all your insurance inquiries. Seeking advice before choosing an insurance product can be highly beneficial, as it helps you identify the most suitable option based on your individual circumstances and needs.
Critical Illness Cover offers broader protection, encompassing a wide range of conditions, which increases the likelihood of receiving a pay-out in the event of a qualifying diagnosis. Due to the comprehensive coverage it provides, the premiums for this type of insurance may be slightly higher than other life insurance products.
Sometimes a claim may be denied if the claimant did not include the specific health conditions during the application. This exemption doesn’t extend to conditions unknown or absent at the time of application.
The lump sum is released as long as the mentioned condition is covered by the policy, irrespective of the claimant’s ability to return to work.
What the claimant does with the lump sum, is entirely up to them. As a trusted mortgage broker in Sheffield, we see many use the money to repay their mortgage, pay for medical care or make any developments to their home.
Our Customers Love Us
4.95 Rating228 Reviews
Darren
Would definitely recommend Sheffield Moneyman. Took all the stress out of getting the right mortgage. Will use again when my fixed rate ends.
2 days ago
Anonymous
This is the 3rd time I've used Sheffield Moneyman & I've not been disappointed.
2 weeks ago
Anonymous
I have been with them for almost 10 years now, with both my residential property and a buy-to-let, and they are really great. I have mortgaged and remortgaged many times to reflect changes in the properties, their value or to take advantage of...
3 weeks ago
Sean
leo & stacey have been amazing helped us get a mortgage and put any worries or stress to ease highly recommend
1 month ago
Christopher
Very good service from Malcolm and Paula. Malcolm explained the whole process to me (a first time buyer), and found a good mortgage product for me. Paula then handled my application through to it being approved. They kept me informed at all stages...
1 month ago
Eleni
Both Jason Loft and Debbie Stones have provided excellent service and were very informative and supportive through all the steps of the process. I would highly recommend them for anyone looking to buy a house but don’t know where to start. 10/10...
1 month ago
Delton
Really great service discuss everything possible. Second time of using them and will use them again.
2 months ago
Rachel
Second time I have used Sheffield moneyman. They are a straightforward brokers, explain different options to you. Always keep you updated every step of the way. Would recommend this company.
2 months ago
Julie
Absolutely amazing . Helped when others weren’t very helpful even with plenty of obstacles along the way. Their knowledge of everything was brilliant. Kept in touch all the way .Honestly can’t recommend them highly enough. Thank you so much...
3 months ago
Millie
Excellent service every time!
3 months ago
Kashif
Great service from start to finish from Chris and his team. Looked after us and supported us through the whole process. They went above and beyond to get us the best deals and have been with us through every step in our journey. Can’t thank...
3 months ago
Mr Matthew
Wayne Dewsbury was very helpful from the first meeting. He managed to secure a mortgage at a lower rate than other brokers had offered. The support team were equally helpful in getting everything checked and submitted. Would definitely use UK...
4 months ago
Jake
Great service from initial enquiry through to offer
4 months ago
Jenny
Chris and the team have been absolutely brilliant at helping us understand the process of buying our first home and everything that comes with it! We never had to wait long for answers to any of our questions and felt in safe hands from start to...
4 months ago
Laura
We were first time buyers and have just completed on our house thanks to the brilliant help we received from Jason! We had a lot of questions and Jason was incredibly helpful and understanding, we really couldn't have got through this process...
4 months ago
Joseph
Great service from Tom and the team. Advised me on the best options for me and checked all the documents thoroughly before application to give me the best possible chance of approval. Would recommend.
4 months ago
Anonymous
Quickly got me a great offer.
4 months ago
Jake
Matt was great with us through a long, drawn out process. Flexible hours and always on hand and helpful, despite us going for and losing out on multiple properties. Thoroughly recommend, we have saved money and time through his help.
5 months ago
Carlie
From start to finish, our case was handled impeccably well. Jason and Chloe have been fabulous and I'd absolutely recommend Sheffieldmoneyman to everyone I know. Great communication, quick turnaround and lovely people. We won't be going anywhere...
7 months ago
James
Charlie was brilliant, he kept us informed at every stage. He was even willing to step in and help out when our Estate Agents were applying pressure.
7 months ago
Typically, critical illness policies have a specific duration outlined at the time of purchase. If you prefer lifelong coverage, a Whole of Life insurance product may be more suitable. Commonly covered conditions in critical illness policies include heart attacks, strokes, and cancer.
The monthly premium is determined not only by the coverage you select but also factors such as age, gender, health history, occupation, and lifestyle habits like smoking or drinking.
Our qualified protection and mortgage advisors in Sheffield are open and honest communication when helping you secure critical illness cover. We ensure that your policy aligns precisely with your needs and preferences.
Critical illness cover may have higher costs compared to life insurance due to its broader coverage of illnesses and disabilities. Your mortgage advisors in Sheffield will explain the details and workings of the policy, exploring all available options to determine the best fit for your situation. If another policy would be more advantageous, they will transparently inform you.
Start a conversation with our dedicated protection advisor to explore the insurance options that align with your interests and needs.
Our extensive access to a range of insurance products lets us to identify the most suitable and effective policy to protect you and your family.
We will move forward by submitting your application to the provider. In some cases, the policy provider may require additional information from us to further review your application.
If you've secured your mortgage with us, we'll be in touch when it's time for you to remortgage. This will provide us with an opportunity to review any existing policies you currently hold.
Experience a complimentary Insurance consultation in Sheffield, where you'll gain valuable insights into the world of Critical Illness Cover. Our knowledgeable Protection Specialists in Sheffield will be there to guide you through the process, presenting a range of policies tailored specifically to your unique circumstances. With our expert advice, you can rest assured that the chosen policy will provide optimal benefits for you and your family.
In your search for protection advice in Sheffield, Critical Illness Cover stands out as a top-notch option. Irrespective of the available coverage choices, it offers substantial benefits and the reassurance of knowing that your family will be financially secure to cover any outstanding debts or expenses.
Our dedicated team is committed to finding you the perfect policy, serving as a financial safety net for your family in the unfortunate event of your passing. Opting for Insurance options in Sheffield ensures that your loved ones won't face unnecessary financial burdens during such a challenging time.
Drawing on our extensive experience as a mortgage broker in Sheffield, we've observed that many of our customers choose to complement their Critical Illness Cover with other policies, tailoring their choices to suit individual needs and circumstances.
In the event of a serious illness or disability, your chances of survival and recovery are higher than ever before. However, during such challenging times, you may still require financial support to manage essential payments like your mortgage, child support, or other commitments.
Fortunately, critical illness insurance can provide you with a lump sum pay-out, offering flexibility in how you use the funds. While some may choose to allocate it to necessary expenses, others opt to treat themselves to a holiday or make a special purchase. The choice is entirely yours, providing peace of mind and financial stability during difficult circumstances.
Similar to life insurance, joint critical illness policies can offer coverage for both you and your partner in the event of a critical illness. However, one drawback of these policies is that the entire lump sum pay-out will be triggered when either one of you becomes critically ill.
This means that the policy will end once the lump sum is paid out, leaving the other partner without coverage for any future critical illness events. It’s essential to carefully consider the terms and conditions of joint critical illness policies and assess whether they align with your specific needs and preferences.
In the unfortunate event of a covered illness or serious diagnosis, your policy will provide a lump sum to offer vital financial support to you and your family during these challenging times. However, income protection goes a step further and continues to provide pay-outs if the illness or diagnosis leads to your inability to work.
This means that income protection ensures a steady stream of monthly payments until you recover and can return to work or until you reach retirement age.
Unlike critical illness cover, income protection offers guaranteed pay-outs if you are unable to work, providing ongoing support and peace of mind. These payments will continue until you are fit to resume work or in the unfortunate event of your passing.
With income protection, you can be reassured that you and your loved ones will have a safety net to rely on during times of uncertainty and financial strain.
Read our 228 Reviews
Sheffieldmoneyman.com & Sheffieldmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
Contact
Follow Us
Sheffieldmoneyman.com & Sheffieldmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
Speak to an Advisor – It’s free!
7 Days a Week, 8am – 10pm
