IP insurance / Critical Illness cover recommendations (I have had cancer)

[JJCrofts]

Hi everybody,

I was wondering if anybody has any recommendations for insurers offering good Income Protection policies and/or critical illness cover?

I'm fairly new to contracting (4 months in) and need to get something sorted but I'm not sure how easy it's going to be given that I had treatment for lung cancer (touch wood - all sorted now) 2.5 years ago.

Thanks

Joe

[kevpuk]

Hi everybody,

I was wondering if anybody has any recommendations for insurers offering good Income Protection policies and/or critical illness cover?

I'm fairly new to contracting (4 months in) and need to get something sorted but I'm not sure how easy it's going to be given that I had treatment for lung cancer (touch wood - all sorted now) 2.5 years ago.

Thanks

Joe

I would say you are best speaking to an expert - look for an IFA who covers 'whole of market' via somewhere like unbiased dot co dot uk

[northernladuk]

Most policies like this will not cover any previous or related conditions and I am willing to bet they will consider cancer as a whole regardless of where you had it. I am also thinking the weasels will want to relate a whole host of other possible ailments to this as well so I would guess you will pay enhanced premiums for a lot less cover.

As Kevpuk says I would go to a good IFA as this is going to need a lot of research to find one that may suit your case better.

[psychocandy]

In my experience, critical illness = well expensive. I'm mid 40s never had any serious health problems and it was £120 a month or something.

I dread to think for someone like you. Also, I bet they'd disallow anything even vaguely related to your past illnesses.

[Sausage Surprise]

Just build up a good pot in your company account to "insure" yourself.

[yasockie]

Just build up a good pot in your company account to "insure" yourself.

This.

[psychocandy]

This.

Maybe but how many of you have got enough saved up to keep your family in the even of you getting a critical illness and never working again?

I reckon I'd need £200K.

[SueEllen]

Unless you have been given the all clear, JJCrofts, any policy a broker finds will:
1. Exclude cancer and any condition related to it - which will be basically everything.
2. Be very expensive

Even if you have been given the all clear cancer will be excluded.

[northernladuk]

Maybe but how many of you have got enough saved up to keep your family in the even of you getting a critical illness and never working again?

I reckon I'd need £200K.

But you have that already in your warchest so should be covered.

[psychocandy]

But you have that already in your warchest so should be covered.

No I don't. And I suspect not many do either.

I have about 12 months minimum money. About £25K. Nowhere near £200K.