Protection

There are around 298,000 new cases of cancer (excluding non-melanoma skin cancer) diagnosed each year in the UK, and more than 1 in 3 people will develop some form of cancer during their lifetime.
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One of the scariest factors we must all face is What If?…What if we were injured and became unable to work ever again?
What if we become seriously ill, or are diagnosed with a critical illness?
These are all the questions that we must face and if one of the unthinkable happens what would you do?

You have to think about such financial matters such as, how are you going to pay for your home?, your car and how are you going to look after your loved ones?. These are all the factors we do not want to think about but are all too true and can happen any time.

Crabtree Consulting appreciate as members of the Police service you are all well protected via Group Insurance (if you are paying it) but we find most Police Mortgage clients are unaware of what this will actually cover, and more importantly, what it will not cover you for. The advisers can arrange a protection package that will supplement your G.I.S. and advise you on any other cover you may have in place

As Police you have 6 months full pay (basic) and 6 months half pay if you are unable to work due to accident or sickness, unless you have elected to pay a premium via the job to increase to 12 months full pay.
What would happen after 12 months if you were still unable to work?
Do you know of any officers this has happened to?

Prolonged ill-health, disability and death are all major threats to a family’s financial security.
Whilst these are not subjects that are particularly pleasant to think about, it is sensible to consider the following basic points.

Could your family cope without the financial security that your regular income gives them?
What would be the likely financial effects of you suffering a long term illness or disability?
Bearing in mind the above, are you confident you have adequate protection?
It is important to review your insurance arrangements regularly

As circumstances change, so do your insurance needs. A change of house, an addition to the family, a change of job, redundancy or retirement, these are all factors which could influence your insurance needs.
The cost of each different type of insurance will also vary according to the number of factors such as age, sex, occupation, period of cover and amount of cover.

At Crabtree Consulting, the advisers are free to search the whole protection market on your behalf, they have no ties to any insurance company, they work for you.
A critical illness policy normally pays out a tax free lump sum on the diagnosis of certain specified critical illnesses.
Most policies will pay out following the diagnosis of heart disease, stroke, renal failure, cancer, paralysis, major organ transplant and coronary artery bypass surgery as well as a range of other conditions. Over recent years the number of diseases covered by a typical policy has increased to more than 25. One normally has to survive 14 days after the diagnosis of a serious illness to ensure payment.
With rapid medical advances the chances of surviving a major illness are greater than ever however the financial consequences of suffering a major life changing illness can be very substantial. The one-off payment from this type of policy is designed to help you cope with these costs which will typically include the need to adapt your home or car and/or undertake training for a different occupation.

What about your partner?

If your partner is not in the job, but you rely on their income to support your outgoings do they have enough Protection, do you know what they would receive from their employer if they were unable to work to accident Or sickness?
How safe is your partner’s job? What ever the answer, their job will not be as secure as yours, and in the current climate, this has never been such a worry for so many employees, the last thing anyone wants is to fall into Mortgage arrears just now
If you fall into financial difficulty and can’t pay your mortgage, most lenders will only give you three months grace before commencing repossession proceedings. Although lenders are under pressure to ease off this timetable a little, there are no guarantees.
For most people, their mortgage is their most important monthly outgoing – ensuring that their roof is kept over their families head. Many people therefore feel that it is important to take out a mortgage protection policy which can help with payments should the worst happen and they became sick or unemployed.
Mortgage protection insurance can cost very little every month but can ensure survival should your circumstances change.
Fortunately you are now able to cover yourself from these aspects with accident sickness insurance and mortgage protection insurance.
In such times of crisis Accident sickness insurance and mortgage protection insurance allow you to gain the peace of mind that you and your family are fully covered for such unthinkable events.

At Crabtree Consulting the advisers can source the market to find the best priced cover to suit your individual needs, complementing any protection you already have in place.