Critical Illness and Life Protection Insurance.

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This is an example price based on £100,000 of life cover until you are aged 68 and no health issues. To allow us to contact you to discuss your individual circumstances and make recommendations tailored to you and your needs, please provide us with your email address, smoking status, and age.

How Hansford Bell can help you.

Critical illness, life protection, and income protection insurance all help to safeguard your finances should the worst happen.

Protecting your finances against the unexpected is key to achieving financial independence. Our team at Hansford Bell offer independent, no non-sense advice for clients looking into protection insurance.

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Critical Illness Cover

Financial protection plan in the case you are diagnosed with a critical illness like cancer.

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Life Insurance

Financial protection for your family in the event of your death.

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Income Protection Insurance

Replace your income if you are unable to work due to illness or incapacity.

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Income Protection.

What would you do if you had to stop working because of illness or incapacity? Would you or your partner have the ability to cover your household expenses? Income protection insurance helps to alleviate this worry.

This protection pays you an agreed monthly income if you are unable to work because of sickness, disability, or incapacity. Depending on the level of cover this payment will last until you return to paid work, or you reach retirement age.

Typically you will get between half and two thirds of your earnings before tax. You will also have to wait at least 4 weeks or a month before you can make a claim.

  • Income protection insurance can help ensure to maintain a certain income to help you cover your monthly expenses while you’re unable to work. This can prevent you from having to take on debt or sell assets during sickness or incapacity.
  • Income protection insurance covers you for a more extensive range of illnesses and conditions compared to critical illness cover and is paid over a shorter period of time.
  • Income protection insurance can also cover you should you have to take time off work to care for a sick child or family member.

Income protection insurance typically covers between 50% – 66% of your average monthly income. This is calculated through ‘what you would normally earn in your job’ minus ‘any benefits you would get’ minus ‘work related expenses food, travel, or clothing’.

This can be difficult to calculate, working with an independent financial advisor can help to ensure you have calculated the most accurate costs for your particular circumstances.

There are several factors which could impact your premium, from your current health and the value you are wanting to receive. Income protection insurance is often one of the highest costing insurances, however there tends to be fewer exclusions with these policies should the worst happen.

Working with an independent financial planner like Hansford Bell, we can look over the policies with you and evaluate the best choice for you.

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Critical Illness Protection.

If you are diagnosed with a serious illness, such as a stroke, heart attack, certain cancers or Parkinson’s disease you may be unable to work, or need to make alterations to your home. This insurance policy would provide a one-off, tax-free payment to help you pay your bills, make adjustments to your home, or pay for treatments.

It is important to note, critical illness does not pay out for any critical illness, the policy will only pay out for specified conditions. Protecting yourself against more conditions could increase the price of your premiums.

Learn more about whether critical illness cover with an independent financial advisor at Hansford Bell >

If your family heavily relies on your income to cover monthly expenditure or you have limited savings, you should consider taking out this policy. This policy will help your family cover basic expenses like mortgage payments and utilities while you are out of work, alternatively the money could also be used to help make alterations to your home.

If you have a family history of a medical condition, it is also worth taking out this cover, as it is possible you will have a higher chance at developing a critical illness. However, it is worth noting some providers may increase your premium or refuse your cover so it is worth checking the fine print of the policy.

Learn more about whether critical illness cover would be suitable for you by booking a consultation with an independent financial advisor at Hansford Bell >

Critical illness cover is commonly taken out with other insurance policies, such as life insurance and income protection. The protection cover you need will vary greatly depending on your current financial position.

You will need to ensure you have enough cover for debt of all kinds, credit cards, short term loans, and mortgages. Will you have enough cover to pay these off if you can no-longer work.

Are you expecting your monthly expenditure to increase in the coming years, will you have dependents such as children who will need your financial support, is your partner planning on stopping work to raise children or retire?

Read more about financial resilience >

This will all impact the level of cover you need. Working with an independent financial advisor such as Hansford Bell can help you evaluate your financial position and find the most relevant cover for your needs.

Being a smoker increases your risk of premature death and health complications, because of this many insurance providers will increase the cost of the insurance through premiums.

Depending on your lifestyle – some insurers can make health assessments a requirement of coverage, however, this will vary depending on the provider. It is important not to lie on your insurance documents, should an insurance provider find out you are a smoker after your death they could reduce your pay out or cancel your policy all together.

Working with an independent financial advisor can help you find the policy which is best value for money.

See how Hansford Bell can help you >

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Life Cover and Family Income Benefit.

Life cover, or life insurance, is an insurance policy which pays out a one-off lump sum payment in the event of your death. This money can help cover debts and contribute to other monthly expenditure your household need to cover.

Life Insurance.

While talking about death is a difficult subject, it is something you need to think about when making large financial decisions such as, buying a house, getting married, or starting a family. Life insurance can be paid out in the event of a terminal or critical illness diagnosis, however, this needs to be specified as a part of the insurance policy.

Family Income Benefit.

Family income benefits is a form of life cover. This policy pays out a regular yearly sum to your dependents or chosen recipients upon your death. This will continue until the policy ends or until the children reach the age of 18.

This policy is like income protection insurance and is designed to provide a steady income to the family in the event of a death. This will help support dependents until they reach the age of 18.

Find the policy to best suit you with an independent financial advisor with Hansford Bell >

It is recommended you take out life cover when making a large financial commitment, such as buying a house or starting a family. This cover will allow you maintain your financial commitments even after your death, this can also help provide security and comfort to family members.

Many mortgage providers also recommend applicants take out life insurance with their mortgage to cover the outstanding sum in the event of their death. Speaking to an independent financial advisor such as Hansford Bell can help you understand your financial position and choose the right life insurance policy.

Some employers do offer life insurance or death in service benefits as a part of their compensation packages. However, these should be carefully reviewed, as they can often have certain restrictions of limitations which can impact your total pay out.

Working with an independent financial advisor like Hansford Bell can help you to understand your current cover and advise you on the right policy to maximise your cover should the worst arise.

Speak to one of the team at Hansford Bell today to see how we could help >

Being a smoker increases your risk of premature death and health complications, because of this many insurance providers will increase the cost of the insurance through premiums.

Depending on your lifestyle – some insurers can make health assessments a requirement of coverage, however, this will vary depending on the provider. It is important not to lie on your insurance documents, should an insurance provider find out you are a smoker after your death they could reduce your pay out or cancel your policy all together.

Working with an independent financial advisor can help you find the policy which is best value for money.

See how Hansford Bell can help you >

Get a Quote

What our clients have to say…

“Hansford Bell has been a fantastic company to work with for all my family’s finances. They have helped us with mortgages, pensions and personal financial planning. A lovely friendly team I would highly recommend.”

Christian Colam, Google review

Christopher is an absolute professional and very knowledgeable. He was extremely patient in explaining some of the documents to me. I would recommend Chris wholeheartedly.

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