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

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psychocandy replied

10 June 2013, 16:07
Originally posted by northernladuk View Post

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.
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northernladuk replied

10 June 2013, 16:01
Originally posted by psychocandy View Post

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.
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SueEllen replied

10 June 2013, 15:55
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.
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psychocandy replied

10 June 2013, 15:38
Originally posted by yasockie View Post

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.
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yasockie replied

10 June 2013, 11:13
Originally posted by Sausage Surprise View Post

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

This.
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Sausage Surprise replied

10 June 2013, 10:59
Just build up a good pot in your company account to "insure" yourself.
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psychocandy replied

10 June 2013, 09:54
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.
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northernladuk replied

10 June 2013, 09:35
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.
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kevpuk replied

10 June 2013, 08:20
Originally posted by JJCrofts View Post

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
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JJCrofts started a topic IP insurance / Critical Illness cover recommendations (I have had cancer)

9 June 2013, 23:10
IP insurance / Critical Illness cover recommendations (I have had cancer)

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
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